BATON ROUGE, La.--(BUSINESS WIRE)--The Shaw Group Inc. (NYSE: SHAW) has been awarded a contract by Indiana Michigan Power Company, an affiliate of American Electric Power (AEP), to provide plant life-cycle management services for the Cook Nuclear Plant in Bridgman, Mich. The contract, which was signed in the second quarter of fiscal year 2011, follows a detailed feasibility study conducted by Shaw earlier this year for potential life cycle management upgrades and modifications to the plant.
Shaw will provide engineering, procurement and construction services on approved projects designed to extend the life cycle of major components to ensure continuous operation of the plant for 20 more years.
While many U.S. utilities are contemplating ordering new nuclear power plants, life extension modifications to the existing operating fleet will remain a robust business opportunity, said Clarence Ray, chief executive officer of Shaw's Power Group. Shaw has the experience and is ready to provide similar plant improvement services to clients across the nuclear industry.
The undisclosed value of the contract was included in Shaw's Power segment's backlog of unfilled orders in the second quarter of fiscal year 2011.
Shaw continues to play a significant role in the nuclear industry, including:
- Completion of more than 60 uprate studies and projects, adding more than 3,000 megawatts to the U.S. power grid
- Systemwide maintenance and modification services to approximately 35 percent of U.S. nuclear units, including the nation's two largest nuclear fleets
- Engineering, procurement and construction services for six AP1000 nuclear units in the U.S. and project management services for four new units in China
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world and is a power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.
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