Fluor Corporation (NYSE: FLR) announced today that the company has signed a memorandum of understanding with GE Hitachi Nuclear Energy (GEH) as GEH's engineering, procurement and construction (EPC) partner to pursue nuclear new-build projects in Poland. The consortium has a formidable local project execution platform in Poland for serving full nuclear new-build project needs. Fluor has been in Poland since 1995 with nearly 300 engineering and technical professionals together with GE's more than 10,000 local employees.
Poland's power utility Polska Grupa Energetyczna S.A. (PGE) is scheduled to formally open the project bidding process in Warsaw on September 22. PGE is expected to complete its vendor selection in mid-2013 and has targeted 2020 as the commercial date of operation for its first nuclear power plant.
"The Fluor and GEH consortium will provide PGE with world-class technology and a safe, efficient and reliable EPC delivery program," said Dave Dunning, president of Fluor's Power Group. "For more than 60 years, Fluor has provided nuclear services to the industry including the design and construction support for 23 units, plus more than 90 million hours supporting operating nuclear units."
"We believe that this consortium agreement between two global industry leaders provides a one-stop solution for nuclear new-build clients in Poland and perhaps other regional opportunities," said Chris Tye, senior vice president of Fluor's nuclear business line. "As a long-time global EPC leader, Fluor's Gliwice, Poland-based team has been successfully performing challenging projects for more than 65 years, which makes this consortium well positioned for the development of new nuclear units."
"Adding our five decades of nuclear energy experience with Fluor's engineering and construction acumen will enable us to provide a complete solution and a competitive bid to PGE," said Danny Roderick, senior vice president of new plant projects for GEH. "We are very excited about the prospect of collaborating with Fluor on the Poland new build and potentially additional programs in the future."
GEH is a leading designer of boiling water reactor (BWR) technology and services worldwide.
About GE Hitachi Nuclear Energy
Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $20.8 billion in 2010. For more information, visit http://www.fluor.com/__.
SOURCE: Fluor Corporation
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222