Shaw to build new gas-fired power plant for Entergy

Source: Shaw Group 

The Shaw Group Inc. (NYSE:SHAW) has received full notice to proceed on a new dual fuel combined-cycle gas turbine (CCGT) power plant at Entergy’s Ninemile Point Steam Electric Station near New Orleans, La. The 550-megawatt unit at Ninemile is scheduled to begin commercial operations by the first part of 2015.

In June 2011, Entergy awarded Shaw an engineering, procurement and construction (EPC) services contract for the construction of the new unit, and Shaw began working under a limited notice to proceed. The notice to proceed fully authorizes Shaw to begin EPC services for the plant.

As previously announced, the approximately $500 million contract was included in Shaw’s Power segment’s backlog of unfilled orders in the fourth quarter of fiscal year 2011. 

Shaw also supports Entergy with its nuclear power assets. Shaw subsidiaries have provided engineering or maintenance services to nuclear power plants owned or purchased by Entergy since 1973. Shaw currently is providing extended power uprate plant modifications at Entergy’s Grand Gulf Nuclear Station in Port Gibson, Miss.

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