# Net Power takes over Saulsbury EPC agreement for planned 123 MW Texas gas plant > Net Power took over EMPower’s owner position in a Saulsbury Industries EPC agreement priced at $196,711,035.70 for an approximately 123 MW gas facility; the assignment closed on 31 August 2026. - Canonical URL: https://newsverum.com/en/news/net-power-saulsbury-project-permian-epc-agreement-september-2026 - Publisher: Newsverum - Section: Energy - Country: United States - Published: 2026-10-05T09:37:37+00:00 - Updated: 2026-10-07T00:49:41+03:00 - Event / data period: 2026-08-31 - Other editions: [Türkçe](https://newsverum.com/tr/news/net-power-saulsbury-project-permian-epc-agreement-september-2026.md), [العربية](https://newsverum.com/ar/news/net-power-saulsbury-project-permian-epc-agreement-september-2026.md), [Français](https://newsverum.com/fr/news/net-power-saulsbury-project-permian-epc-agreement-september-2026.md), [Español](https://newsverum.com/es/news/net-power-saulsbury-project-permian-epc-agreement-september-2026.md), [Deutsch](https://newsverum.com/de/news/net-power-saulsbury-project-permian-epc-agreement-september-2026.md), [Português](https://newsverum.com/pt/news/net-power-saulsbury-project-permian-epc-agreement-september-2026.md) Net Power Inc. said in an SEC filing dated 3 September 2026 that its indirect subsidiary Net Power, LLC acquired EMPower USA, LLC’s position as owner under an engineering, procurement and construction agreement with Saulsbury Industries, Inc. The assignment closed on 31 August 2026. The agreement, dated 15 December 2025, covers an approximately 123 MW reciprocating-engine natural gas power generation facility, with a total contract price of $196,711,035.70. Saulsbury remains the turnkey contractor for engineering, procurement, construction, pre-commissioning, commissioning, start-up and testing. The scope includes ten Wärtsilä engine-generator sets, balance-of-plant systems and the project substation. Saulsbury consented to the project’s relocation from Ector County, Texas, and Net Power intends to deploy the position at its Project Permian site in West Texas. The consideration included a premium of $40.0 million and reimbursement of $18,947,272.70 that EMPower had paid under the agreement. Work has been suspended since 1 July 2026 and is expected to resume after Net Power issues the full notice to proceed and pays a mobilization payment of $10,153,524.85. Saulsbury extended the deadline for both to 15 October 2026. The filing said no revised project schedule has been agreed, no final investment decision has been made and no power purchase or energy services agreement has been signed for the facility. ## Data ### EPC agreement and facility figures Contract, transaction and facility figures stated in Net Power’s SEC filing of 3 September 2026. Methodology: Contract price is the total under the EPC agreement, stated before any change-order increase and before price escalation amounts. The premium is part of the consideration for the assignment, and the mobilization payment falls due when the full notice to proceed is issued. Capacity is the approximate planned capacity of a facility that is not yet built. | label | value | unit | period | basis | value_qualifier | |---|---|---|---|---|---| | EPC agreement total contract price | 196.7110357 | million USD | 2026-09-03 | observed | | | Premium in the consideration for the assignment | 40 | million USD | 2026-09-03 | observed | | | Mobilization payment due on full notice to proceed | 10.15352485 | million USD | 2026-09-03 | observed | | | Planned facility capacity | 123 | MW | 2026-09-03 | target | approximate | | Wärtsilä engine-generator sets in scope | 10 | engine-generator sets | 2026-09-03 | observed | | Sources: , · Download data: [JSON](https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026/data/epc-agreement-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/net-power-saulsbury-project-permian-epc-agreement-september-2026/data/epc-agreement-figures?lang=en&format=csv) ## Sources - [Net Power Inc. (SEC Form 8-K)]() (Source checked: 2026-10-04; Published: 2026-09-03) - [Net Power Inc. (SEC Form 8-K, Exhibit 99.1 press release)]() (Source checked: 2026-10-04; Published: 2026-09-03) ## Correction history - 2026-10-07T00:49:41+03:00: German and Portuguese editions and translations of the data and correction explanations have been added to this article. --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)