Fluor Signs Memorandum of Understanding with Clean Energy Future for New Gas-Fired Power Stations in Ohio

Monday, November 21, 2016 4:12 pm EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

Fluor signs memorandum of understanding with Clean Energy Future for new gas-fired power stations in Ohio

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today the company signed a memorandum of understanding with Clean Energy Future, LLC, to provide development support for the Trumbull and Oregon Energy Centers natural gas, combined-cycle stations in Ohio.

As part of the agreement, Fluor will provide initial permitting and development support services for the projects. After the projects have received all permits and regulatory and financial approvals, Fluor will provide engineering, procurement, construction and commissioning services for both of the power stations.

“We are honored to be selected by Clean Energy Future for this new natural gas development,” said Chris Tye, president of Fluor’s Power business line. “Fluor is a leader in the gas-fueled business demonstrated by the design and build of nearly 50,000 megawatts of gas-fueled power stations over the past 20 years.”

Fluor will support permitting and project development over the next year with construction scheduled to begin in early 2018. The projects are currently planned to begin commercial operations in 2020.

“Clean Energy Future is pleased to have such a talented international engineering-construction firm leading the way for our next two large scale combined-cycle gas turbine (CCGT) projects in Ohio,” said Bill Siderewicz, P.E., president of Clean Energy Future, LLC. “These two new facilities will represent the fourth and fifth such CCGT projects developed by Clean Energy Future in Ohio, and the sixth and seventh in the PJM interconnection region. Fluor will be working in partnership with our other team members including Siemens Energy, Siemens Financial Services and BNP Paribas.”

The highly efficient natural gas facilities will use Siemens advanced technology and will be among the most energy efficient generating plants in the region. The 940-megawatt Trumbull Energy Center and 955-megawatt Oregon Energy Center will be located in the Ohio towns of Lordstown and Oregon, respectively. These projects will be constructed by members of the local building trades.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $18.1 billion in 2015 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

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Fluor Corporation
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Brett Turner, 864-281-6976
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Investor Relations
Geoff Telfer, 469-398-7070
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Jason Landkamer, 469-398-7222

   

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