Fluor Set to Begin Construction on Dominion's Brunswick County Power Station
Fluor Set to Begin Construction on Dominion's Brunswick County Power Station
Project Receives Regulatory Approval to Proceed
IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYS: FLR) announced today that it received full notice to proceed from Dominion Virginia Power (NYS: D) to begin construction on the company's new 1,358-megawatt, natural gas-fueled power station in Brunswick County, Virginia. This award follows the limited notice to proceed contract that Dominion awarded to Fluor in August 2012. Fluor booked approximately $800 million into backlog during the third quarter of 2013.
An artist's rendering of the proposed station (photo courtesy of Dominion Virginia Power)
"Fluor is pleased that the project has received the approval from the Virginia State Corporation Commission to move forward with construction," said Matt McSorley, senior vice president and head of Fluor's Power business. "We look forward to continuing to provide Dominion with our full suite of engineering, procurement and construction services on this significant new power source in the eastern United States."
Fluor began providing engineering and procurement services on the plant from its Charlotte, North Carolina office last year while Dominion awaited regulatory approvals to begin construction. The project is expected to staff approximately 600 craft workers at peak during the construction phase.
On August 2, 2013, Dominion received approval from the Virginia State Corporation Commission to move forward with construction. The new combined cycle, natural gas-fired power station will meet increased customer demand and replace electricity from older coal-fired generating units that are being retired.
The Brunswick County Power Station is expected to begin providing commercial service in the summer of 2016.
Over the past 10 years, Fluor has provided engineering, procurement, construction and commissioning services for more than 34,000 megawatts of gas-fired power facilities.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYS: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 41,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com and follow us on Twitter at @FluorCorp.
Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20130814005920/en/
Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222
KEYWORDS: United States North America Texas Virginia
INDUSTRY KEYWORDS:
The article Fluor Set to Begin Construction on Dominion's Brunswick County Power Station originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
