U.S. Department of Energy Awards Fluor 3-Year Contract for Paducah Deactivation and Shutdown
July 23 2014 - 5:30PM
Business Wire
Fluor Corporation (NYSE: FLR) was chosen by the U.S. Department
of Energy (DOE) for the next phase of cleanup at the Paducah
Gaseous Diffusion Plant (GDP) in Paducah, Kentucky. Fluor is the
prime contractor for the management, integration and execution of
the deactivation and post-GDP shutdown remediation activities at
the Paducah site. It is anticipated that the new contract will help
reduce environmental risks and create local job opportunities. The
estimated value of the contract, which Fluor booked in the third
quarter of 2014, is approximately $420 million over three
years.
“We are very pleased to be the preferred bidder on this
project,” said Bruce Stanski, president of Fluor’s Government
Group. “By leveraging the gaseous diffusion plant experience we’ve
gained at Portsmouth and Fluor’s decades of experience managing and
operating nuclear decommissioning sites, we look forward to working
with the Department of Energy to deliver the site’s program safely
and cost effectively.”
The DOE Paducah GDP is located in Western Kentucky,
approximately 10 miles west of Paducah and 3.5 miles south of the
Ohio River. The Paducah GDP is a 3,423-acre federal reservation
that was built in the 1950s as part of the nation’s nuclear weapons
complex and enriched uranium from 1952 until 2013. Limited cleanup
activities have been underway since 2010.
For the Paducah GDP work, Fluor’s scope of work will include the
management, integration and execution of the deactivation and
post-GDP shutdown remediation activities at the site along with
cleaning up and remediating contaminated soils and groundwater.
Fluor has a long and successful history of performing
challenging projects within the DOE environmental management
community. In addition to its current role as the managing partner
on the management and operating contract at the Savannah River
Site, Fluor serves as the prime contractor for the decontamination
and decommissioning of the Portsmouth Gaseous Diffusion Plant in
Piketon, Ohio. Fluor also manages and operates the Strategic
Petroleum Reserve for DOE’s Office of Fossil Energy.
Fluor has worked at the Hanford Site in Washington State since
1996, including the role of the site’s prime contractor for 12
years. From 1992 to 2006, Fluor executed the Department’s first
closure contract at the Fernald Site near Cincinnati, Ohio, and
completed the project ahead of schedule and under budget.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and
construction firm that designs and builds some of the world's most
complex projects. The company creates and delivers innovative
solutions for its clients in engineering, procurement, fabrication,
construction, maintenance and project management on a global basis.
For more than a century, Fluor has served clients in the energy,
chemicals, government, industrial, infrastructure, mining and power
market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on
the FORTUNE 500 list. With more than 40,000 employees worldwide,
the company's revenue for 2013 was $27.4 billion. Visit Fluor at
www.fluor.com and follow on Twitter @FluorCorp.
Fluor CorporationMedia Relations:Brian Mershon,
469-398-7621orEric Krantz, 281-263-6030orInvestor Relations:Ken
Lockwood, 469-398-7220orJason Landkamer, 469-398-7222
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