ALISO VIEJO, Calif.--(BUSINESS WIRE)--ICA Fluor Daniel, the industrial engineering company jointly owned by
Fluor Corporation (NYSE: FLR) and Empresas ICA Sociedad Controladora
(NYSE: ICA), today announced the signing of a contract for the
construction of a combined-cycle power plant in Gomez Palacios, Durango,
Mexico. Awarded by Iberdrola Energia S.A., a subsidiary of Spain's Grupo
Iberdrola, the plant has been named La Laguna II.
The US$ 250 million plant will have a capacity of 498 megawatts and will
provide electricity to the booming northern industrial zone of Mexico,
as well as stabilizing the electrical grid in the area. Power generated
will be sold to the Federal Electricity Commission (CFE), under its
program to develop independent power producers (IPPs).
The contract is a 30-month, lump-sum, turnkey project that involves
engineering, procurement, construction and start-up services. The
project is scheduled for completion in April 2005.
"This plant will be a clean, combined-cycle, gas-fired plant designed to
have minimal environmental impact. It will meet the highest atmospheric
emissions standards and have low water consumption by means of an
air-cooled condenser. Additionally, the plant will conserve fresh water
by recycling residential waste water," said Jorge Borja, general
director of ICA Fluor Daniel.
"This project is the second power plant awarded by Iberdrola to ICA
Fluor Daniel. Currently, ICA Fluor Daniel is constructing the 1,036 MW
Altamira III-IV power plant on the Mexican Gulf Coast. This new contract
ratifies Iberdrola's confidence in ICA Fluor Daniel's performance," he
added.
Grupo Iberdrola is one of the leading electricity companies in Europe.
It has more than US$ 13 billion in assets, and has more than 13 million
customers in Spain and Latin America. Grupo Iberdrola also operates in
the energy, telecommunications, and real estate sectors.
ICA Fluor Daniel is the leading industrial engineering company in
Mexico, dedicated to the engineering, procurement, and construction of
telecommunication installations and chemical, petrochemical, automotive,
refinery, electricity generation plants.
Founded in 1947, ICA has completed construction and engineering projects
in 21 countries. ICA's principal business units include Civil
Construction, and Industrial Construction. Through its subsidiaries, ICA
also manages airports and operates specialized port terminals, tunnels,
highways, and municipal services under government concession contracts
and/or partial sale of long term contract rights.
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations, and
maintenance and project management. Headquartered in Aliso Viejo,
Calif., Fluor is a Fortune 500 company with revenues of $9 billion in
fiscal year 2001. For more information, visit www.fluor.com.
Jerry Holloway/Lori Serrato
Media Relations
949.349.7411/.7420 tel
Lila Churney
Investor Relations
949.349.3909 tel
949.349.5375 fax
Media Relations, Jerry Holloway, +1-949-349-7411, or Lori Serrato, +1-949-349-7420, or Investor Relations, Lila Churney, +1-949-349-3909, or fax, +1-949.349.5375, all of Fluor Corporation/