U.S. Department of Energy Selects Fluor Joint Venture for Paducah Site Deactivation Contract
May 30 2017 - 6:59AM
Business Wire
Fluor Corporation (NYSE:FLR) announced today that the U.S.
Department of Energy (DOE) has selected Four Rivers Nuclear
Partnership (FRNP), LLC, a joint venture comprised of CH2M, Fluor
Corporation and BWX Technologies, to lead the Paducah Deactivation
and Remediation (D&R) Contract at the Paducah Gaseous Diffusion
Plant in Kentucky.
The performance-based contract is valued at approximately $1.5
billion over 10 years. The base term is five years valued at
approximately $750 million followed by 3-year and 2-year option
periods valued at an approximate total of $750 million
combined.
“In just three short years, Fluor has made significant progress
at the Paducah site and has built strong relationships within the
community,” said Bruce Stanski, president of Fluor’s Government
Group. “Most importantly, we’ve made facilities safer by removing
hazardous and radioactive materials while improving the site's
infrastructure. These efforts will save taxpayers millions of
dollars over the next several years while improving safety for the
workers, the general public and the environment. Fluor looks
forward to our future at the site and continuing the mission, which
will bring additional value to the government.”
The Paducah site is situated on approximately 3,500 acres in
western Kentucky, approximately 8 miles west of Paducah, and 3.5
miles south of the Ohio River. The site, built in the 1950s as part
of the nation’s nuclear weapons complex, processed uranium from
1952 to 2013 for military reactors, nuclear weapons and nuclear
power plant fuels. The D&R contract includes management of more
than 650 structures, properties and buildings. Throughout the
contract duration, the team will optimize surveillance and
maintenance costs to allow for additional stabilization,
deactivation and remediation activities, thereby further reducing
risk and future demolition costs.
For more than 70 years, Fluor has served as a DOE contractor
with a legacy that dates back to the Manhattan Project. In addition
to the Savannah River Site management and operations work in South
Carolina, Fluor supports DOE’s cleanup missions at the Idaho Site
under the Idaho Cleanup Project Core Contract and is 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, headquartered
in New Orleans, for DOE’s Office of Fossil Energy.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering,
procurement, fabrication, construction and maintenance company that
designs, builds and maintains capital-efficient facilities for its
clients on six continents. For more than a century, Fluor has
served our clients by delivering innovative and integrated
solutions across the globe. With headquarters in Irving, Texas,
Fluor ranks 155 on the FORTUNE 500 list with revenue of
$19 billion in 2016 and has more than 60,000 employees worldwide.
For more information, please visit www.fluor.com or
follow us on Twitter @FluorCorp.
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Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff
Telfer, 469-398-7070orJason Landkamer, 469-398-7222
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