Fluor Corporation (NYSE: FLR) recently achieved substantial completion
for the Ferguson Replacement Project, a high-efficiency combined-cycle
power plant located in Horseshoe Bay, Texas. Developed by the Lower
Colorado River Authority (LCRA), the new 540 megawatt natural gas-fired
power plant replaces the now-closed and less efficient 420 megawatt
Thomas C. Ferguson Power Plant, which was built in 1974.
Fluor was awarded
a lump-sum turnkey engineering, procurement and construction contract
for the project on November 11, 2011. The new plant was designed and
built to meet strict environmental and operational requirements that
included incorporating advanced technology to meet low greenhouse gas
emissions, designing the plant to meet fast start and ramping
capabilities and providing for ultra-quiet plant operation.
The Ferguson Replacement Project was the first power plant to be issued
a greenhouse gas permit by the U.S. Environmental Protection Agency
under new federal rules requiring power plants, cement kilns and major
factories to have permits showing how best available technology will be
employed to reduce greenhouse gases.
“The new power plant will be among the most efficient, reliable and
environmentally responsible power plants in Texas, producing 30 to 40
percent fewer emissions per unit of power than the old plant,” said LCRA
General Manager Phil Wilson. “The new plant also will help LCRA provide
its wholesale electric customers with more competitively priced power
over the long term because a combined-cycle power plant is more
cost-effective and more reliable. We appreciate the way Fluor completed
the construction with as few impacts to the local community as possible.”
“This project demonstrates how two companies working together can
deliver a high quality project that exceeds design performance
requirements,” said Matt
McSorley, president of Fluor’s Power business.
During construction,
Fluor employed more than 500 skilled craft workers at peak. The company
also reinforced its commitment to sustainable economic growth by
utilizing minority-owned and women-owned businesses and service disabled
veteran-owned businesses as suppliers to complete the project.
Fluor’s Aliso Viejo, California office led the project management,
engineering and procurement efforts for the facility.
About LCRA
The Lower Colorado River Authority (LCRA) is a nonprofit conservation
and reclamation district that provides energy, water, and community
services to Texans. Created by the Texas Legislature in 1934, LCRA has
no taxing authority and operates solely on utility revenues and service
fees. LCRA supplies electricity to more than 1.1 million Texans through
its wholesale customers. LCRA also provides many other services in the
region. These services include managing floods, protecting the quality
of the lower Colorado River and its tributaries, providing parks and
recreational facilities, offering economic development assistance,
operating water and wastewater utilities, and providing soil, energy,
and water conservation programs.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative solutions for its clients in
engineering, procurement, fabrication, construction, maintenance and
project management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With more than
40,000 employees worldwide, the company's revenue for 2013 was $27.4
billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
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Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orEric Krantz, 281-263-6030orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222