Shaw AREVA MOX Services and Tennessee Valley Authority Sign Letter of Intent to Evaluate MOX Fuel
July 16 2009 - 5:01PM
Business Wire
The Shaw Group Inc. (NYSE: SGR) today announced Shaw AREVA MOX
Services, LLC (MOX Services) and the Tennessee Valley Authority
(TVA) have signed a letter of intent to enter into contract
negotiations for the procurement of Mixed Oxide fuel (MOX). MOX
fuel is manufactured from surplus weapon-grade plutonium and can be
used as a low-cost alternative to power nuclear reactors. MOX
Services is a joint venture between Shaw's Environmental &
Infrastructure Group and AREVA.
The TVA is evaluating the use of MOX fuel as an alternative in
its Sequoyah Nuclear Plant Units 1 and 2 and Browns Ferry Nuclear
Plant Units 1, 2 and 3; it also may evaluate use of the fuel in its
future nuclear generation projects. MOX Services will continue to
collaborate with the TVA in its evaluation process.
MOX Services is under contract with the National Nuclear
Security Administration to complete construction of the Mixed Oxide
Fuel Fabrication Facility at the Savannah River Site located in
Aiken, S.C. MOX Services is responsible for design, license and
full construction of the main facility and all support facilities,
cold startup of the MOX facility and continued support of Nuclear
Regulatory Commission licensing activities associated with the MOX
facility. Operations at the facility will include removing
impurities from surplus weapon-grade plutonium and combining with
uranium oxide, forming MOX fuel pellets for use in commercial
nuclear power reactors by 2016.
�The MOX project and use of MOX fuel is an important step toward
turning 34 metric tons of the nation's surplus plutonium
stockpile�enough for 8,500 nuclear weapons�into useable, low-cost,
carbon-free electricity,� said George Bevan, president of Shaw�s
Environmental & Infrastructure Group. �MOX Services remains
optimistic about these negotiations, and we look forward to
reaching an agreement by the summer of 2010.�
The Shaw Group Inc. is a leading global provider of technology,
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services for government and private sector clients in the energy,
chemicals, environmental, infrastructure and emergency response
markets. A Fortune 500 company with fiscal year 2008 annual
revenues of $7 billion, Shaw is headquartered in Baton Rouge, La.,
and employs approximately 26,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. Shaw is the power sector industry
leader according to Engineering News-Record's list of Top 500
Design Firms. For further information, please visit Shaw's Web site
at www.shawgrp.com.
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