Fluor Corporation (NYSE: FLR) today announced that its Power business
unit has been awarded a lump-sum turnkey contract by Brazos Electric
Power Cooperative, Inc., to provide engineering, procurement,
construction and commissioning services for the 620-megawatt (MW) Jack
County Generation Facility. The power plant, located near Jacksboro,
Texas, will provide low-cost, reliable electricity beginning in the
spring of 2006.
Brazos Electric Cooperative, Inc., obtains financing and approvals for
generation and transmission projects through the Rural Utility Service.
Fluor's contract value was not disclosed.
"We are excited about this opportunity to provide low-cost, clean energy
from this power plant to our member cooperative customers. This project
enhances our ability to reliably serve our members in an area that is
forecasted to experience significant growth in electricity demand," said
Brazos Electric's Executive Vice President and General Manager Clifton
Karnei.
"The Jack County project allows Fluor the opportunity to continue to
serve an important market for our customers," said Dave Dunning, acting
president of Fluor's Power unit. "We are pleased to work with Brazos
Electric and appreciate the confidence shown in the Fluor team to make
this project a reality."
Detailed engineering for the natural gas-fired, combined-cycle power
plant is under way in Fluor's Houston engineering complex, with
full-site mobilization expected in April 2004. During peak construction,
the project is expected to employ up to 400 people.
Brazos Electric is one of 62 generation and transmission cooperatives
(G&T) in the United States that generates and transmits electricity,
which it sells at wholesale rates, to its member-owners, municipal
systems and a major state university. Brazos is headquartered in Waco,
Texas. Organized in 1941, Brazos Electric was Texas' first G&T electric
cooperative formed to supply wholesale electricity to member
distribution electric cooperatives, and, today, Brazos is the largest
G&T in the state of Texas. Brazos' service territory extends across 66
counties from the Texas Panhandle to near Houston. For more information,
visit http://www.brazoselectric.coop
.
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Aliso Viejo,
Calif., Fluor is a Fortune 500 company with revenues of $10 billion in
2002. For more information, visit www.fluor.com
.
For further information please contact: Media Relations, Jerry Holloway,
+1-949-349-7411, or Lori Serrato, +1-949-349-7420, or Lila Churney,
Investor Relations, +1-949-349-3909, or fax, +1-949-349-5375, all of
Fluor Corporation.
Media Relations, Jerry Holloway, +1-949-349-7411, or LoriSerrato, +1-949-349-7420, or Lila Churney, Investor Relations,+1-949-349-3909, or fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.brazoselectric.coop //Web site: http://www.fluor.com /