PASADENA, Calif., Feb. 21, 2012 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE: JEC) announced today that it was
awarded a contract to provide design services for the
decommissioning, historic preservation and construction of the Old
Main Utility Building (OMUB) Power Plant at the University of Minnesota (UMN) in Minneapolis (officially known as the Combined
Heat and Power Plant project). The anticipated 14MW (mega watt)
combined heat and power plant, fueled by clean-burning natural gas,
will augment an existing coal-burning facility. The new
natural gas-fired cogeneration plant is expected to power UMN's
Minneapolis campus with
electricity and steam while reducing the University's carbon
footprint in accordance with its published Climate Action Plan.
The total installed cost (TIC) is $81
million.
Under the terms of the contract, Jacobs is verifying the results
of a campus load study, determining how best to decommission the
existing equipment, placing a resident on-site engineer, managing
the historic preservation of the OMUB, designing the new plant and
providing construction administration services. The work involves
3D modeling, interface coordination, detailed engineering and
construction plans and environmental compliance, and cost
estimates.
In making the announcement, Jacobs Group Vice President
Tom McDuffie stated, "We're proud to
support the University of Minnesota to
help them realize the goals of having a valuable source of heat and
electricity while reducing the campus' carbon footprint with a new,
natural gas-fired cogeneration plant."
The power plant replacement was at the top of several priorities
the University presented to the Minnesota Legislature for funding
in the 2012 Capital Request.
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 2011 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.
(Logo: http://photos.prnewswire.com/prnh/20110628/LA26838LOGO)
For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.