CB&I Awarded Nuclear Power Project Contract
THE WOODLANDS, Texas--(BUSINESS WIRE)--CB&I (NYSE:CBI - News) has been awarded an engineering, procurement and construction contract, valued in excess of $150 million, by Westinghouse Electric Company to build two containment vessels for a southeastern U.S. utility consortium.
CB&I was awarded pre-planning and engineering of this project in March 2008. CB&I, which has built 75% of the nuclear containment vessels for plants currently operating in the U.S., will be responsible for the engineering, procurement, fabrication and construction of the two containment vessels.
"We are pleased to be part of this important project that will increase the nuclear energy capacity in the U.S.," said Philip K. Asherman, President and CEO. "CB&I has extensive nuclear and modular construction experience and we expect to have an ongoing role in the expansion of the nuclear power industry."
These are the first two containment vessels for Westinghouse's USAP 1000 New Plant Initiatives. These vessels, which will each be more than 120 feet in diameter and over 215 feet high, will house the reactors for two new power plants, which each have electric generation capacity of approximately 1,100 megawatts, enough power to supply 2 million homes. Fabrication is expected to begin in 2009, with the first vessel scheduled for completion in 2014 and the second in 2015.
About CB&I
CB&I combines proven process technology, from its Lummus Technology business, with global capabilities in engineering, procurement and construction to deliver comprehensive solutions to customers in the energy and natural resource industries. With more than 70 proprietary licensed technologies and 1,500 patents and patent applications, CB&I is uniquely positioned to take projects from conceptual design, through technology licensing, engineering and construction and final commissioning. Drawing upon the global expertise and local knowledge of approximately 18,000 employees in more than 80 locations, CB&I safely and reliably executes projects worldwide. For more information visit www.CBI.com. If you would like to be added to CB&I's news release email distribution list, click here.
Forward-Looking Statement
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