Development Director - Gas-Fired Power Plants

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Bechtel Enterprises:

Bechtel Enterprises (BEn) is the project development, finance, and equity group in Bechtel. Established in 1969, our primary objective is to develop, help finance, and/or invest equity in projects to create design, construction or project management opportunities for Bechtel.  We have developed or co-developed over 70 projects ($46 billion in project costs) and have helped arrange over $54 billion in financing for Bechtel projects, including over 18,000 MW of power projects across 10 countries.  Our group is unique in the US engineering and construction industry given our long history and global presence.   In addition,  BEn also gets involved in M&A and project acquisition activities, across power, energy, transportation, communication, and other sectors.    Bechtel Enterprises is headquartered in Reston, Virginia and has offices in New York, Houston, London, Riyadh, Sydney, and Washington, D.C. 

Job Summary:

You would be a Development Director in the Power Development Team focusing on developing and financing gas-fired power plants (i.e., combined-cycle gas-fired plants and simple-cycle gas-fired plants).  This is an opportunity to be a leader in an organization which has developed and/or built over 300 gas-fired power projects around the world and is currently at the forefront of solving the challenge of providing baseload power.

This position will report to the Head of Power Development at Bechtel Enterprises.  The open position is currently based at Bechtel’s Reston, Virginia office, which is the headquarters of Bechtel Enterprises. 

This position is a full-time position and is designated as part-time telework per our global telework policy and may require at least three days of in-person attendance per week at the assigned office or project. Weekly in-person schedules will be determined by the individual and their supervisor, in consultation with functional or project leadership. #LI-HB1 #LI-Hybrid

Major Responsibilities:

• Identify new development gas-fired power prospects and opportunities (greenfield sites and/or acquisition targets), including conducting market assessments, fatal flaw analyses, and in-person site reconnaissance
• Advance development of assigned projects from early-, mid-, and/or late-stages to financial close
• Secure site control for development prospects (e.g. negotiating leases, easements, and conducting initial site reconnaissance) and coordinate landowner interface
• Lead local, state, regional, and/or federal permitting processes
• Direct financial analysis, modeling, pricing and offtake structuring
• Work with a Bechtel Enterprises affiliated business unit to enter into contracts for EPC and major equipment supply
• Negotiate and enter into O&M and Services Agreements
• Lead project bids and project financing, including reviewing commercial agreements, analyzing potential finance structure, developing partnership structures and teaming arrangement, and preparing qualifications and proposals.
• Manage projects according to, and with accountability for, budget and schedule
• Represent Bechtel with partners, customers, landowners, government officials, community leaders, and other stakeholders

Education and Experience Requirements:

Requires bachelor's or master's degree (or international equivalent) and 15+ years of relevant experience or 19+ years of relevant work experience

Required Knowledge and Skills:

• Bachelor’s degree in engineering, business, economics, or similar discipline
• MBA or similar post-graduate degree is preferred
• 10+ years of experience in power generation development, preferably in gas-fired power generation
• Understanding and experience in project finance
• Proven commercial acumen and strong understanding of economics, regulatory, and technical drivers of power development projects
• Track record of successful project development to financial close
• Experience interfacing directly with external parties such as landowners, government officials, and consultants
• Experience identifying prospects and opportunities (e.g. greenfield sites and acquisitions)
• Experience managing key development workstreams simultaneously
• Strong communication and interpersonal skills
• Strong organization, networking and time management skills
• Excellent written and verbal communication skills
• Willingness to travel as necessary
• The candidate will need to demonstrate a successful track record in performing the full range of business development functions in a fast-paced environment with a high degree of ambiguity

Total Rewards/Benefits

For decades, Bechtel has worked to inspire the next generation of employees and beyond! Because our teams face some of the world's toughest challenges, we offer robust benefits to ensure our people thrive.  Whether it is advancing careers, delivering programs to enhance our culture, or providing time to recharge, Bechtel has the benefits to build a legacy of sustainable growth. Learn more at Bechtel Total Rewards

Diverse teams build the extraordinary:

As a global company, Bechtel has long been home to a vibrant multitude of nationalities, cultures, ethnicities, and life experiences. This diversity has made us a more trusted partner, more effective problem solvers and innovators, and a more attractive destination for leading talent.

We are committed to being a company where every colleague feels that they belong-where colleagues feel part of "One Team," respected and rewarded for what they bring, supported in pursuing their goals, invested in our values and purpose, and treated equitably. Click here to learn more about the people who power our legacy.