Supporting Major Nuclear Clean Up Investment in the UK
Company Website:
http://www.jacobs.com
PASADENA, Calif. -- (Business Wire)
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that its joint
venture with AMEC
and Balfour
Beatty has been selected by Sellafield Ltd to deliver its Box
Encapsulation Plant (BEP) project in West Cumbria, United Kingdom.
Sellafield officials noted that the potential value range of the
framework agreement is between $380 million (£240 million) and $540
million (£336 million) over a period of four years.
Under the terms of the agreement, the three way equal joint venture is
expected to deliver the complete life cycle of services to the project;
from design, engineering, procurement, installation, and construction
management through to inactive commissioning.
Work on the BEP is scheduled to begin immediately. The project is an
integral part of the Magnox Swarf Storage Silo (MSSS) Program addressing
the cleanup of one of the most hazardous legacy facilities on the
Sellafield site. When complete, the BEP is expected to treat nuclear
waste recovered from MSSS, immobilize it, and prepare it for long-term
storage. In addition, the BEP may also process waste recovered during
the decommissioning of other significant Sellafield facilities including
the First General Magnox Storage Pond and the Pile Fuel Storage Pond.
In making the announcement, Jacobs Group Vice President Conor Doyle
stated, “The Jacobs/AMEC/Balfour Beatty team is delighted to collaborate
on the BEP project and support Sellafield’s goal to create a sustainable
socio-economic legacy. As one of the UK’s foremost firms in the field of
nuclear engineering, we blend a 30-year history working with Sellafield,
world-class project management skills, and established local supply
chain relationships to support this significant and complex project.”
Sellafield
Ltd is responsible for safely delivering decommissioning of the UK’s
nuclear legacy as well as fuel recycling and the management of low, high
and intermediate level nuclear waste activities on behalf of the Nuclear
Decommissioning Authority.
Jacobs is one of the world's largest and most diverse providers of
technical professional and construction services.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2013 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
Contacts:
Jacobs Engineering Group Inc.
Michelle Jones
626-578-6968
Source: Jacobs Engineering Group Inc.
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