Fluor Completes New Gas-Fired Power Plant in Texas
September 08 2014 - 5:00PM
Business Wire
Fluor Corporation (NYSE: FLR) recently achieved substantial
completion for the Ferguson Replacement Project, a high-efficiency
combined-cycle power plant located in Horseshoe Bay, Texas.
Developed by the Lower Colorado River Authority (LCRA), the new 540
megawatt natural gas-fired power plant replaces the now-closed and
less efficient 420 megawatt Thomas C. Ferguson Power Plant, which
was built in 1974.
Fluor designed and built the 540 megawatt
natural gas-fired power plant in Horseshoe Bay, Texas. (Photo:
Business Wire)
Fluor was awarded a lump-sum turnkey engineering, procurement
and construction contract for the project on November 11, 2011. The
new plant was designed and built to meet strict environmental and
operational requirements that included incorporating advanced
technology to meet low greenhouse gas emissions, designing the
plant to meet fast start and ramping capabilities and providing for
ultra-quiet plant operation.
The Ferguson Replacement Project was the first power plant to be
issued a greenhouse gas permit by the U.S. Environmental Protection
Agency under new federal rules requiring power plants, cement kilns
and major factories to have permits showing how best available
technology will be employed to reduce greenhouse gases.
“The new power plant will be among the most efficient, reliable
and environmentally responsible power plants in Texas, producing 30
to 40 percent fewer emissions per unit of power than the old
plant,” said LCRA General Manager Phil Wilson. “The new plant also
will help LCRA provide its wholesale electric customers with more
competitively priced power over the long term because a
combined-cycle power plant is more cost-effective and more
reliable. We appreciate the way Fluor completed the construction
with as few impacts to the local community as possible.”
“This project demonstrates how two companies working together
can deliver a high quality project that exceeds design performance
requirements,” said Matt McSorley, president of Fluor’s Power
business.
During construction, Fluor employed more than 500 skilled craft
workers at peak. The company also reinforced its commitment to
sustainable economic growth by utilizing minority-owned and
women-owned businesses and service disabled veteran-owned
businesses as suppliers to complete the project.
Fluor’s Aliso Viejo, California office led the project
management, engineering and procurement efforts for the
facility.
About LCRA
The Lower Colorado River Authority (LCRA) is a nonprofit
conservation and reclamation district that provides energy, water,
and community services to Texans. Created by the Texas Legislature
in 1934, LCRA has no taxing authority and operates solely on
utility revenues and service fees. LCRA supplies electricity to
more than 1.1 million Texans through its wholesale customers. LCRA
also provides many other services in the region. These services
include managing floods, protecting the quality of the lower
Colorado River and its tributaries, providing parks and
recreational facilities, offering economic development assistance,
operating water and wastewater utilities, and providing soil,
energy, and water conservation programs.
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.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140908006557/en/
Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orEric Krantz, 281-263-6030orInvestor RelationsKen
Lockwood, 469-398-7220orJason Landkamer, 469-398-7222
Fluor (NYSE:FLR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fluor (NYSE:FLR)
Historical Stock Chart
From Sep 2023 to Sep 2024