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Fluor Moves Forward with Next Phase of EPC Services for Centinela’s Solar Energy Facility in California

Thursday, February 14, 2013 9:19 am EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"We are excited to announce the final release in our EPC contract for Phase 2 of the Centinela project. This is a significant project for Fluor and we are very pleased to be able to build on our relationship with LS Power and with the progress to date on the project"

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation announced today that Centinela Solar Energy, LLC, a member of LS Power Group, has issued a notice-to-proceed for Phase 2 of the Centinela Solar Energy Facility, a new nominal 170-megawatt solar photovoltaic (PV) facility located in Southern California. Fluor received its initial notice-to-proceed from LS Power in September 2012 and began construction in December 2012. Phase 2 is the final phase to be released to Fluor under its lump-sum engineering, procurement and construction (EPC) contract for the project. The company will book the undisclosed second phase value in the first quarter of 2013.

“We are excited to announce the final release in our EPC contract for Phase 2 of the Centinela project. This is a significant project for Fluor and we are very pleased to be able to build on our relationship with LS Power and with the progress to date on the project,” said Matt McSorley, senior vice president of Fluor’s Power Group.

The Centinela project is located on approximately 2,100 acres 90 miles east of San Diego, and all major permits have been secured for the project. This project will help meet the regional need for renewable energy and will be one of the first major projects to tie into the newly constructed Sunrise Powerlink Transmission Line. Centinela Solar Energy has closed financing for both Phases of the project and has executed a 20-year power purchase agreement for the entire power output from the facility.

Engineering, procurement and construction oversight is under way from Fluor’s Southern California operations center. The facility is expected to achieve full commercial operation by the middle of 2014.

LS Power is a power generation and transmission group with a proven track record of successful development activities, operations management and commercial execution. LS Power has been involved in the development, construction, or operations of more than 25,000 megawatts of power generation throughout the United States.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, Fluor's 43,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and had revenue of $24.3 billion in 2011. For more information, visit www.fluor.com.

Contact:

Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
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Brian Mershon, 469-398-7621
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Investor Relations
Ken Lockwood, 469-398-7220
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Jason Landkamer, 469-398-7222