Fluor Corp (FLR) Gets EPC Contract for 125-MW PV Facility

Fluor Corporation (NYSE: FLR) announced today that Arlington Valley Solar Energy II, LLC (AVSE II), a member of LS Power Group, has awarded the company a lump-sum engineering, procurement and construction (EPC) contract, as well as a separate contract for ongoing operations and maintenance services (O&M) for its new nominal 125-megawatt solar photovoltaic (PV) facility located in Maricopa County, Arizona. Fluor has received full notice to proceed and booked the undisclosed EPC project value into backlog in Q411.

The AVSE II project is located on approximately 1,160 acres with all of the major permits secured. This project will help meet the regional need for renewable energy and reduce dependence on fossil fuels. The Arlington Valley Combined Cycle Facility is nearby, which was designed and constructed by Fluor in 2002. AVSE II has closed financing for the project and has executed the power purchase agreement for the entire power output from the facility.

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