U.S. DOE Awards Fluor 3-Year, $420M Contract For Paducah Deactivation And Shutdown
Fluor Corporation (NYSE: FLR) was chosen by the U.S. Department of Energy (DOE) for the next phase of cleanup at the Paducah Gaseous Diffusion Plant (GDP) in Paducah, Kentucky. Fluor is the prime contractor for the management, integration and execution of the deactivation and post-GDP shutdown remediation activities at the Paducah site. It is anticipated that the new contract will help reduce environmental risks and create local job opportunities. The estimated value of the contract, which Fluor booked in the third quarter of 2014, is approximately $420 million over three years.
“We are very pleased to be the preferred bidder on this project,” said Bruce Stanski, president of Fluor's Government Group. “By leveraging the gaseous diffusion plant experience we've gained at Portsmouth and Fluor's decades of experience managing and operating nuclear decommissioning sites, we look forward to working with the Department of Energy to deliver the site's program safely and cost effectively.”
The DOE Paducah GDP is located in Western Kentucky, approximately 10 miles west of Paducah and 3.5 miles south of the Ohio River. The Paducah GDP is a 3,423-acre federal reservation that was built in the 1950s as part of the nation's nuclear weapons complex and enriched uranium from 1952 until 2013. Limited cleanup activities have been underway since 2010.
For the Paducah GDP work, Fluor's scope of work will include the management, integration and execution of the deactivation and post-GDP shutdown remediation activities at the site along with cleaning up and remediating contaminated soils and groundwater.
Fluor has a long and successful history of performing challenging projects within the DOE environmental management community. In addition to its current role as the managing partner on the management and operating contract at the Savannah River Site, Fluor serves as the prime contractor for the decontamination and decommissioning of the Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. Fluor also manages and operates the Strategic Petroleum Reserve for DOE's Office of Fossil Energy.
Fluor has worked at the Hanford Site in Washington State since 1996, including the role of the site's prime contractor for 12 years. From 1992 to 2006, Fluor executed the Department's first closure contract at the Fernald Site near Cincinnati, Ohio, and completed the project ahead of schedule and under budget.
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