Eurus Energy America Selects Quanta Services for Construction of Two Utility-Scale Solar Facilities

HOUSTON, Sept. 23 /PRNewswire-FirstCall/ -- Quanta Services, Inc. (NYSE: PWR) today announced that it has secured two contracts for utility-scale solar installations with Avenal Solar Holdings LLC, a joint venture between Eurus Energy America and NRG Solar, a subsidiary of NRG Energy, Inc. (NYSE: NRG).  Under the contracts, Quanta will provide engineering, procurement and construction services for the 20 megawatt Sun City Project and the 19 megawatt Sand Drag Project, both of which are near Avenal, Calif.   The Avenal projects, located in Kings County, Calif., were developed by Eurus and are owned jointly by Eurus and NRG.

"These projects are expected to be significant contributors to the local community through the creation of jobs and the generation of clean power," said Mark E. Anderson, president of Eurus Energy America.  "By partnering with Quanta, we are able to access a strong, local workforce and proven expertise, optimizing plant design and maximizing balance-of-plant efficiencies."

Under the contract, Quanta will provide comprehensive design and construction services including engineering and site preparation. Engineering is underway with construction expected to start by the end of September and completion projected for the spring of 2011.

"We look forward to showcasing our industry-leading EPC capabilities on these fast-track projects," said John R. Colson, chairman and chief executive officer, Quanta Services. "We appreciate the confidence that Eurus has demonstrated by awarding Quanta these contracts."

Last month, the California Public Utilities Commission approved 20-year power purchase agreements under which Pacific Gas and Electric (PG&E) will buy electricity produced by the solar power plants.  The power generated by the new solar facilities will be transported throughout high load areas in California.  When operating at full capacity, the projects are expected to produce enough renewable energy to power approximately 31,000 homes.

About Quanta Services

Quanta Services is a leading specialized contracting services company, delivering infrastructure solutions for the electric power, natural gas and pipeline and telecommunication industries. The company's comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide. Additionally, Quanta licenses point-to-point fiber optic telecommunications infrastructure in select markets and offers related design, procurement, construction and maintenance services. With operations throughout North America, Quanta has the manpower, resources and expertise to complete projects that are local, regional, national or international in scope.  

About Eurus Energy America

Eurus Energy America is the wholly-owned subsidiary of Tokyo-based Eurus Energy Holdings (www.eurusenergy.com) and is responsible for North American renewable energy investment, now comprising approximately 600 megawatts in wind power generation.  Eurus Energy Holdings, owned by Tokyo Electric Power Company and Toyota Tsusho Corporation, is a global developer, owner and operator of renewable energy facilities, including both wind and solar, with more than 1,900 megawatts worldwide.  Eurus Energy America, headquartered in San Diego, California, has been active in the renewable energy sector in the United States for over twenty years, beginning operations of its first renewable power projects in California in 1987.

This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include, but are not limited to: the expected value of the contracts with Avenal Solar Holdings and the scope, services, term and results of any related projects awarded under the agreement, as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts.  Although Quanta's management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  These statements can be affected by inaccurate assumptions and by a variety of risks and uncertainties that are difficult to predict or beyond our control, including, among others, successful performance and completion of the contracts and the projects awarded thereunder, including achievements of expected efficiencies; failure to realize the anticipated value of the contracts; the potential for incurrence of damages for schedule delays or performance shortfalls, including as a result of warranty claims following completion; the failure of Quanta's subcontractors to perform their obligations, including warranty obligations, under their subcontracts; adverse changes in economic conditions and trends in relevant markets; future growth in the electric utility industry; delays or changes in scope of projects awarded under the contacts; the inability of customers to pay for services; cancellation and termination provisions present in the contacts; and other factors affecting the business of the respective parties generally, including risks detailed in Quanta's Annual Report on Form 10-K for the year ended December 31, 2009, Quanta's Quarterly Reports on Form 10-Q for each quarter ended in fiscal year 2010 and any other documents of Quanta filed with the Securities and Exchange Commission (SEC).  Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made regarding the subject matter of this press release by any third party.  For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's web site at www.quantaservices.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at www.sec.gov.

SOURCE Quanta Services, Inc.