SHAW GROUP : Shaw Achieves Substantial Completion of New, Efficient Natural Gas Plant near Las Vegas
06/15/2011| 09:10am US/Eastern
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The Shaw Group Inc. (NYSE: SHAW) today announced it has achieved
substantial completion of a new, 500-megawatt nominal combined-cycle
natural gas-fired plant for NV Energy at the existing Harry Allen
Generating Station north of Las Vegas. With the addition of the new
generating station, NV Energy significantly increased its electricity
generating capacity to meet the power needs of southern Nevada. The
plant has been released to the owner for commercial operation.
Shaw achieves substantial completion of a new 500-megawatt nominal combined-cycle natural gas-fired plant at Harry Allen Generating Station that helps NV Energy significantly increase its electricity generating capacity. (Photo: Business Wire)
Shaw received the engineering, procurement and construction contract
from NV Energy in 2008 and began construction in 2009. As part of
substantial completion, Shaw completed commissioning and testing of the
units in April. All performance and environmental guarantees were
achieved and verified during the testing period.
The gas turbine combined cycle project uses state-of-the art
environmental control technology to minimize emissions. The two new
combustion turbine generators work with two heat recovery steam
generators that capture waste heat and convert it to steam to power a
single steam turbine generator. Incorporating advanced technology
specifically designed for a western U.S. environment, the plant uses a
dry cooling system that helps to produce electricity by using only a
fraction of the water required by other similar facilities.
"Shaw's long history of delivering safe, clean and efficient power
plants in the gas, coal, geothermal and nuclear industries was a strong
factor in us completing the Harry Allen project to our client's
satisfaction," said Clarence Ray, chief executive officer of Shaw's
Power Group. "Our range of power services, along with our ability to
conduct multiple projects simultaneously, helps our clients and the
nation to build a strong and diverse energy mix, and natural gas plays
an important role."
Shaw has participated in dozens of gas projects and is performing EPC
and commissioning work on two new, 620-megawatt natural gas-fired
combined-cycle generating power plants in North Carolina.
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of
engineering, construction, technology, fabrication, remediation and
support services for clients in the energy, chemicals, environmental,
infrastructure and emergency response industries. A Fortune 500 company
with fiscal year 2010 annual revenues of $7 billion, Shaw has
approximately 27,000 employees around the world and is a power sector
industry leader according to Engineering News-Record's list of Top 500
Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.
This press release contains forward-looking statements and information
about our current and future prospects and our operations and financial
results, which are based on currently available information. The forward
looking statements include assumptions about our operations, such as
cost controls and market conditions, that may not be realized. Actual
future results and financial performance could vary significantly from
those anticipated in such statements. We undertake no obligation to
update or revise any forward-looking statements, whether as a result of
new information, the occurrence of certain events or otherwise.
Among the factors that could cause future events or transactions to
differ from those we expect are those risks discussed under Item 1A
"Risk Factors" in our Annual Report on Form 10-K for the fiscal year
ended August 31, 2010, our Quarterly Reports on Form 10-Q for the
quarters ended May 31, 2010, November 30, 2010, and February 28, 2011,
and other reports filed with the Securities and Exchange Commission
(SEC). Please read our "Risk Factors" and other cautionary statements
contained in these filings.
As a result of these risks and others, actual results could vary
significantly from those anticipated in this press release, and our
financial condition and results of operations could be materially
adversely affected.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6759525&lang=en
The Shaw Group Inc.
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com
© Business Wire 2011
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