PASADENA, Calif., May 29, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a two-year framework contract from the "Engineering Consortium" comprising Iberdrola Ingenieria y Construccion S.A.U., jointly with its UK subsidiary, Tractebel Engineering from the GDF SUEZ Group.
Officials did not disclose the contract value.
Under the terms of the contract, Jacobs is providing environmental consultancy and engineering support to the Engineering Consortium. The Engineering Consortium is providing support in the areas of site investigation, site characterization, grid connection, preliminary construction services and any other general engineering and consultancy services to NUGENERATION LIMITED ("NuGen") in the development of its new build nuclear power plant project in West Cumbria, United Kingdom.
NuGen, a consortium comprising IBERDROLA and GDF SUEZ, has acquired the option on land next to Sellafield from the UK's Nuclear Decommissioning Authority (NDA). The consortium has declared its intention to develop up to 3.6GWe of new nuclear power at the West Cumbria site of "Moorside". The relationship between Jacobs and the EC will provide NuGen with the opportunity to engage a depth of experience in a wide range of relevant services, in support of its business objectives.
In making the announcement, Jacobs Group Vice President Bob Irvin said, "We are delighted to support NuGen and Engineering Consortia in the development of this major nuclear new build program in the UK."
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 2011 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.
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