Fluor to Design New Tata Steel Power Plant in The Netherlands

Fluor Corporation (NYSE: FLR) announced today it was awarded a six-month early engineering works contract by Tata Steel for a new production gas-fired power plant to be built at IJmuiden in The Netherlands. Fluor will book the undisclosed engineering services contract value in the first quarter of 2011. The engineering, procurement, construction (EPC) phase is expected to commence at the end of 2011.

The 350 megawatt power plant will take waste process gas from the adjacent Tata Steel mill as fuel to produce electric power and steam that will be fed back to the steel plant. The award follows the completion of configuration studies for Tata Steel at the end of last year, which evaluated a number of boiler and steam turbine arrangements.

“We are very pleased that Tata Steel has selected Fluor for this power project in Europe. This will be our first project for Tata Steel, and our goal is for this to be a beneficial relationship for both companies,” said Dave Dunning, president of Fluor’s Power Group. “We have had an operations centre in The Netherlands for more than 50 years, and our project team is committed to the successful execution of this important project.”

Work has begun on the design engineering of the plant at Fluor’s Haarlem office in The Netherlands, which is located about 20 kilometres from the project site. The Haarlem office will lead execution of the project supported by the company’s New Delhi office. During the six-month early engineering works, all significant equipment and subcontracts will be bid and evaluated in order to finalise a lump-sum EPC contract for the project. Design engineering will proceed as much as possible to support the project’s construction and commissioning schedule. The power plant is estimated to begin commercial operation in 2015.

About Tata Steel

The European operations of Tata Steel (formerly known as Corus) comprise Europe’s second largest steel producer. With main steelmaking operations in the UK and the Netherlands, they supply steel and related services to the construction, automotive, packaging, material handling and other demanding markets worldwide. Tata Steel is one of the world’s top ten steel producers. The combined group has an aggregate crude steel capacity of more than 28 million tonnes and approximately 80,000 employees across four continents. For more information, visit www.tatasteel.com.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world’s most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $20.8 billion in 2010. For more information, visit www.fluor.com.

SOURCE: Fluor Corporation

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