PASADENA, Calif., Sept. 22, 2011 /PRNewswire/ -- A joint venture of
Jacobs Engineering Group Inc. (NYSE: JEC), AMEC, Costain and
Babcock announced today that it has been awarded a contract worth
up to $109 million (GBP67 million) over four years, by Magnox Limited
at the Trawsfynydd nuclear power station in North Wales, United Kingdom.
The work, awarded to the ACTUS joint venture as part of an
intermediate level waste (ILW) framework contract, involves
decommissioning across three waste streams; solid wastes, wet
wastes and FEDER (fuel element debris enhanced retrievals).
The groundbreaking approach within the nuclear decommissioning
industry has set exemplary standards for decommissioning nuclear
facilities. It has been assessed by 'Constructing Excellence' as a
model of multi-partnership working within the nuclear sector.
Dave Wilson, Trawsfynydd's Site
Director, said, "This is a significant award and one which will
help Magnox deliver the site into early care and maintenance - in
line with our Optimised Decommissioning Plan. We look forward
to working closely with the ACTUS JV."
Jacobs Executive Vice President Gary
Mandel stated, "We see these new work packages as a great
opportunity to continue our collaborative working relationship with
Magnox, to strive for world class performance by effectively
leveraging our collective skills, experience and best
practices."
Clive White, Vice President of
AMEC's Nuclear Business, said, "This is a significant milestone and
cements the JV at the forefront of one of the key areas of focus
for Magnox in the UK decommissioning program. I am confident that
the skill and expertise of the ACTUS members will deliver a world
class service for a very important customer."
Darren James, Costain Managing
Director, Infrastructure Division, said, "This is just the start of
the next series of challenges similar to those the team has already
successfully navigated at Trawsfynydd. ACTUS understands the bar is
now raised even higher and there will be no complacency in the
pursuit of the client's goals our work will help achieve."
John Parr, Director of Projects,
Babcock Nuclear Business Unit, said, "Magnox and the NDA will be
gaining the ACTUS team's collective in-depth knowledge and
extensive experience, plus significant involvement from the wider
supply chain, enabling full benefit to be derived in terms of
cost-effective and innovative solutions."
The ACTUS joint venture, involving Jacobs, Babcock, AMEC and
Costain, is a new alliancing arrangement which replaces the
existing Trawsfynydd strategic integrated framework (TSIF) team,
originally formed in 2005.
Trawsfynydd ceased electricity generation in 1993 and is well
progressed towards decommissioning. The ACTUS team will work
alongside Magnox to complete the remaining workscope over the next
four years to take Trawsfynydd to a Care & Maintenance
state.
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 2010 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.
For additional information contact:
Michelle Jones
626.578.6968
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SOURCE Jacobs Engineering Group Inc.