In 1991 Mike Craigie began brokering Power Plant equipment at Van der Horst in Singapore. The 4 years he spent brokering at Van der Horst brought in high levels of turnover and revealed the potential in the industry. When Van der Horst shut down their brokering operations in 1995, Mike took the opportunity to move back home to the Orkney Islands in Scotland to begin his own power plant equipment brokering company, CESS.
In 1996 CESS diversified into the valuation of power plant equipment as a natural response to demand for a fair market value of equipment on the market, CESS acting as an independent appraiser for buyer or seller. This provided CESS with the means to provide a complete Valuation & Marketing service, from initial valuation right through to marketing the equipment and support in negotiating a final sale agreement.
From foundation in 1995 CESS’ worldwide presence expanded dramatically to sell equipment or provide manpower into 29 countries including: Saudi Arabia, Dubai, Afghanistan, Kuwait, South Africa, Botswana, Swaziland, Tanzania, Malawi, Kenya, Dominican Republic, USA, Bolivia, Uruguay, Italy, Germany, Finland, Poland, Ecuador, Eire, Scotland, England, Malaysia, Philippines, China, New Zealand, Australia, Indonesia, Thailand, Vietnam, Singapore, Cayman Islands, Nigeria, India and Brunei.
Map of international valuations and sales by 2004.
This worldwide reach was recognised in the UK and in 2004 CESS was awarded with the Queen’s Award for Enterprise in the International Trade section.
Today, CESS continues to conduct on-site inspections, valuation reports, and marketing strategies for power plant equipment worldwide. See the Valuation and Marketing sections of the website for insight on current operations. From our Stromness headquarters – Energy House – in the Orkney Islands of Scotland, CESS now handles over 200 worldwide enquiries per month from buyers and sellers for all types of power generation equipment including gas & steam turbines, diesel engines and related ancillary equipment right through to complete process and petrochemical plants etc.
Since 1996 CESS have reached a total valuation experience of over 106,003MW, valuing over $8,268M in total. Our range of valuations including: 729 gas turbines, 284 steam turbines, 1374 diesels and 41 Power Barges (over 2,466 MW).
Since 1995 CESS have been instrumental in the sale of 81 gas turbines (totalling 2,895MW), 37 steam turbines (1,362MW), 110 diesel/gas engines (280MW), and 45 transformers (616 MVA) for a total sale value of US$197 Million.