St. Clair Energy Centre in Ontario Will Feature a 570-Megawatt Combined
Cycle Power Plant
IRVING, TEXAS, June 20 /CNW/ - Fluor Corporation (NYSE: FLR) announced
today that its subsidiary, Fluor Canada, Ltd., was awarded a procurement and
construction project by St. Clair Power, L.P. to build a 570-megawatt combined
cycle power plant in Ontario, Canada. Fluor received a full notice to proceed
in the first quarter 2007. Completion of the power plant is projected to be in
the fourth quarter 2008. The approximate contract value of the award is $250
million and was booked in the first quarter 2007.
Fluor's scope of work will consist of procurement, construction and
commissioning of the plant at a greenfield site. At its peak, Fluor expects to
employ approximately 650 craft workers.
St. Clair Power, L.P. is owned by affiliates of Invenergy LLC and Stark
Investments, L.P. Invenergy is an independent power producer, with
headquarters in Chicago, IL, that develops, owns, and operates natural
gas-fueled and wind energy power projects. Stark is a global alternative
investment firm headquartered in Milwaukee, WI.
"Fluor's reliability and strong track record of successfully delivering
on-time projects in the power sector were key factors in our decision," said
Pat West, Vice-President of Construction and Asset Management for Invenergy.
"The additional electric capacity created by this facility will provide power
to the Ontario Power Authority in Ontario, Canada while ultimately lowering
"We have been engaged with St. Clair Power, L.P. during the permitting
process, and we have recently started construction of this new power facility.
We look forward to helping St. Clair Power L.P. deliver affordable and
environmentally friendly electricity to the citizens of Ontario," said David
Constable, president of Fluor's Power Group. "Fluor will leverage its project
management systems to deliver a world-class facility and do so in a manner
that reflects our strong safety culture," added Constable.
Over the last seven years, Fluor has completed 44 natural gas-fired power
projects totaling nearly 35,000 megawatts of electric capacity.
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations, maintenance and
project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500
company with revenues of $14.1 billion in 2006. For more information visit
For further information:
For further information: Fluor Corporation Media Relations Keith
Stephens, 469-398-7624 or Steve Roth, 469-398-7623 or Investor Relations Ken
Lockwood, 469-398-7220 or Jason Landkamer, 469-398-7222