Shaw Group Awarded $680 Million EPC Contract for 600 MW Electricity Generating Plant

Strategic Insights -

Shaw Group Inc., a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services, has been awarded an engineering, procurement, and construction (EPC) contract by Cleco Corporation's subsidiary, Cleco Power LLC, to build a new 600 MW electricity generating plant. The new plant will incorporate state-of-the-art circulating fluidized bed (CFB) technology in two 300 MW units supplying steam to a single steam turbine generator. This significant project will create much-needed jobs in Louisiana and demonstrate Shaw's complete project capabilities in the expanding clean-energy technology market.

Key Takeaways:

  • Shaw Group Inc. was awarded a $680 million EPC contract by Cleco Power LLC to build a 600 MW electricity generating plant.
  • The new plant will be located at Cleco's Rodemacher Power Station near Boyce, Louisiana, and is scheduled to be completed by mid-2009.
  • The plant will utilize state-of-the-art CFB technology, enabling the use of petroleum coke, coal, and other fuels to generate power in an environmentally sound and cost-effective process.
  • The project aims to employ local contractors and craftsmen, showcasing Shaw's commitment to supporting the local community.
  • Cleco's new plant will be one of the cleanest of its type in the world, providing economical energy solutions to all of Cleco's customers.
  • The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services.

Statistics:

  • The EPC contract value is approximately $680 million.
  • The new plant will have a total capacity of 600 MW, with two 300 MW units.
  • The plant is scheduled to be completed by mid-2009.
  • The total cost of the project is estimated to be approximately $1 billion.
  • The Shaw Group Inc. employs approximately 20,000 people across North America, South America, Europe, the Middle East, and the Asia-Pacific region.
  • Shaw Group Inc. reported over $3 billion in annual revenues.

Sources:

  • Business Wire: "The Shaw Group Inc. to Build 600 MW Electricity Generating Plant for Cleco Corporation Subsidiary"
  • Shaw Group Inc.'s website: "About Us"
  • The Private Securities Litigation Reform Act of 1995
  • Fortune magazine's annual list of "America's Most Admired Companies"
  • Cleco Corporation's website: "About Cleco"