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CB&I Announces Award for 560-Megawatt Dual-Fuel Combined-Cycle Gas Turbine Power Station

For more information, visit www.cbi.com (http://www.cbi.com).

News provided by

CB&I

Aug 10, 2016, 08:00 ET

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THE WOODLANDS, Texas, Aug. 10, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued at more than $350 million by a leading electric power holding company for the engineering, procurement, fabrication and construction of a 560-megawatt combined-cycle gas turbine power station located in the Southeastern United States. The project will utilize gas turbines capable of operating on a dual-fuel configuration that provides efficiency, reliability, and operational and fuel flexibility.

"CB&I has a long history of providing industry-leading experience in fossil power generation from the early stages of engineering and development, through procurement, fabrication, construction, operation and maintenance," said Patrick K. Mullen, President of CB&I's Engineering & Construction operating group. "CB&I is proud to help our customer ensure an affordable, reliable and cleaner energy supply for the future while providing the local community with a project that provides local jobs and values environmental stewardship."

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With over 125 years of experience and the expertise of more than 40,000 employees, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.CBI.com. 

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2015, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

Investors: Scott Lamb, +1 832 513 1068, [email protected] 
Media: Gentry Brann, +1 832 513 1031, [email protected]

Logo - http://photos.prnewswire.com/prnh/20130430/DA04155LOGO

SOURCE CB&I

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