Jacobs Joint Venture Selected for Sellafield Framework
September 30 2014 - 7:45AM
Business Wire
Supporting Major Nuclear Clean Up Investment in
the UK
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that
its joint venture with AMEC and Balfour Beatty has been selected by
Sellafield Ltd to deliver its Box Encapsulation Plant (BEP) project
in West Cumbria, United Kingdom.
Sellafield officials noted that the potential value range of the
framework agreement is between $380 million (£240 million) and $540
million (£336 million) over a period of four years.
Under the terms of the agreement, the three way equal joint
venture is expected to deliver the complete life cycle of services
to the project; from design, engineering, procurement,
installation, and construction management through to inactive
commissioning.
Work on the BEP is scheduled to begin immediately. The project
is an integral part of the Magnox Swarf Storage Silo (MSSS) Program
addressing the cleanup of one of the most hazardous legacy
facilities on the Sellafield site. When complete, the BEP is
expected to treat nuclear waste recovered from MSSS, immobilize it,
and prepare it for long-term storage. In addition, the BEP may also
process waste recovered during the decommissioning of other
significant Sellafield facilities including the First General
Magnox Storage Pond and the Pile Fuel Storage Pond.
In making the announcement, Jacobs Group Vice President Conor
Doyle stated, “The Jacobs/AMEC/Balfour Beatty team is delighted to
collaborate on the BEP project and support Sellafield’s goal to
create a sustainable socio-economic legacy. As one of the UK’s
foremost firms in the field of nuclear engineering, we blend a
30-year history working with Sellafield, world-class project
management skills, and established local supply chain relationships
to support this significant and complex project.”
Sellafield Ltd is responsible for safely delivering
decommissioning of the UK’s nuclear legacy as well as fuel
recycling and the management of low, high and intermediate level
nuclear waste activities on behalf of the Nuclear Decommissioning
Authority.
Jacobs is one of the world's largest and most diverse providers
of technical professional and construction services.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management’s current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from our forward-looking
statements. For a description of some of the factors which may
occur that could cause actual results to differ from our
forward-looking statements please refer to our 2013 Form 10-K, and
in particular the discussions contained under Items 1 - Business,
1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations. We do not undertake to update any forward-looking
statements made herein.
Jacobs Engineering Group Inc.Michelle Jones626-578-6968
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Apr 2023 to Apr 2024