ALISO VIEJO, Calif., Jan. 27 /PRNewswire-FirstCall/ -- Fluor Corporation
(NYSE: FLR) today announced it has been awarded a contract by Eskom, South
Africa's electricity utility, to help recommission a mothballed 1,200-megawatt
power station in Grootvlei near Balfour. The total installed cost for the
project is approximately $530 million. The value of Fluor's cost-reimbursable
contract portion was not disclosed and was booked in the company's fourth
quarter.
Fluor, in a joint venture with Pangaea, a black economic empowerment
company, will be in an alliance with Eskom to provide engineering, procurement
and construction management services for refurbishment of the coal-fired
Grootvlei Power Station, whose six 200-megawatt units were mothballed during
1989-90.
Grootvlei is one of three Eskom power stations being recommissioned to
meet an increasing demand for electricity. Grootvlei's first unit is expected
to return to service in 2007 with completion of all six units scheduled for
2009.
"We're pleased to be able to apply our expertise in the power arena to
help Eskom expand its generating capacity and continue to meet its customers'
growing need for electricity," said Jeff Faulk, Fluor's Energy & Chemicals
group president.
The project will be executed from Fluor's office in Sunninghill, South
Africa.
Fluor provides services on a global basis in the fields of engineering,
procurement, construction, operations, maintenance and project management.
Headquartered in Aliso Viejo, Calif., Fluor is a FORTUNE 500 company with
revenues of nearly $9 billion in 2003. For more information, visit
http://www.fluor.com.
Jerry Holloway/Leann Vandergrift
Media Relations
949.349.7411/7420
Lila Churney
Investor Relations
949.349.3909 tel
949.349.5375 fax
SOURCE Fluor Corporation
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Related links:
http://www.fluor.com
CONTACT:
Media Relations, Jerry Holloway,
+1-949-349-7411, or Leann Vandergrift, +1-949-349-7420, or
Investor Relations, Lila Churney, +1-949-349-3909, fax,
+1-949-349-5375, all of Fluor Corporation
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