Duke/Fluor Daniel, a partnership between Duke Energy and Fluor Daniel,
Monday announced that it has been awarded a contract by Duke Energy
Power Services (DEPS) to provide engineering, procurement and
construction services for a 500-megawatt, natural gas-fired merchant
power plant in Hidalgo County, Texas.
The total installed cost of the project is $175 million. Duke/Fluor
Daniel's contract value was not disclosed.
Ground was broken for the plant, which is being built near the city of
Edinburg, on Thursday, February 4. The plant is expected to be fully
operational by the summer of 2000.
"Given our affiliation with Duke/Fluor Daniel, we are well aware of its
world-class capabilities in designing state-of-the-art facilities for
the power generation industry," said Dave Rehn, president of DEPS.
"Duke/Fluor Daniel's impressive resume and ability to provide a
cost-competitive turnkey package of services will help to ensure the
safe and successful design and construction of the Hidalgo plant, which
will provide energy to as many as a half-million people in the region."
Merchant power plants sell wholesale power on a competitive basis to
utilities and power marketers which need low-cost power to meet their
customers' needs. Because utilities and power marketers are not required
to buy power from merchant plants, they must be able to generate
electricity at prices more attractive than other power plants operating
in the same market.
The Hidalgo energy facility is owned by Duke Energy Hidalgo, LP, an
affiliate of Duke Energy Power Services LLC. Duke Energy Power Services
develops, owns and operates electric power plants across the United
States and Canada. It is the unregulated domestic power developer for
Duke Energy.
Duke/Fluor Daniel was formed in 1989 by Duke Energy and Fluor Daniel. It
provides comprehensive engineering, procurement, construction and plant
operating services for fossil-fueled electric power generation
facilities worldwide. Visit Duke/Fluor Daniel on the Internet at www.d-fd.com.
Duke Energy (NYSE:DUK) is a global energy company with more than $26
billion in assets. Duke Energy companies develop, build, own and operate
energy facilities, and provide engineering, management, operating,
maintenance and environmental services.
Fluor Daniel is the engineering, procurement, construction, maintenance,
technical and diversified services subsidiary of Fluor Corp. (NYSE:FLR).
In 1998, Fluor Corp. revenues were $13.5 billion.
Duke Energy, CharlotteDanny Gibbs, Public Affairs704/373-6680orFluor CorporationLisa Boyette, Media Relations949/975-3652Lila Churney, Investor Relations949/975-3909