Jacobs/AMEC/Costain/Babcock JV Awarded $100 Million Decommissioning Contract at Trawsfynydd Nuclear Site

Sep 22, 2011, 07:45 ET from Jacobs Engineering Group Inc.

PASADENA, Calif., Sept. 22, 2011 /PRNewswire/ -- A joint venture of Jacobs Engineering Group Inc. (NYSE: JEC), AMEC, Costain and Babcock announced today that it has been awarded a contract worth up to $109 million (GBP67 million) over four years, by Magnox Limited at the Trawsfynydd nuclear power station in North Wales, United Kingdom.

The work, awarded to the ACTUS joint venture as part of an intermediate level waste (ILW) framework contract, involves decommissioning across three waste streams; solid wastes, wet wastes and FEDER (fuel element debris enhanced retrievals).

The groundbreaking approach within the nuclear decommissioning industry has set exemplary standards for decommissioning nuclear facilities. It has been assessed by 'Constructing Excellence' as a model of multi-partnership working within the nuclear sector.

Dave Wilson, Trawsfynydd's Site Director, said, "This is a significant award and one which will help Magnox deliver the site into early care and maintenance - in line with our Optimised Decommissioning Plan.  We look forward to working closely with the ACTUS JV."

Jacobs Executive Vice President Gary Mandel stated, "We see these new work packages as a great opportunity to continue our collaborative working relationship with Magnox, to strive for world class performance by effectively leveraging our collective skills, experience and best practices."

Clive White, Vice President of AMEC's Nuclear Business, said, "This is a significant milestone and cements the JV at the forefront of one of the key areas of focus for Magnox in the UK decommissioning program. I am confident that the skill and expertise of the ACTUS members will deliver a world class service for a very important customer."

Darren James, Costain Managing Director, Infrastructure Division, said, "This is just the start of the next series of challenges similar to those the team has already successfully navigated at Trawsfynydd. ACTUS understands the bar is now raised even higher and there will be no complacency in the pursuit of the client's goals our work will help achieve."

John Parr, Director of Projects, Babcock Nuclear Business Unit, said, "Magnox and the NDA will be gaining the ACTUS team's collective in-depth knowledge and extensive experience, plus significant involvement from the wider supply chain, enabling full benefit to be derived in terms of cost-effective and innovative solutions."

The ACTUS joint venture, involving Jacobs, Babcock, AMEC and Costain, is a new alliancing arrangement which replaces the existing Trawsfynydd strategic integrated framework (TSIF) team, originally formed in 2005.

Trawsfynydd ceased electricity generation in 1993 and is well progressed towards decommissioning. The ACTUS team will work alongside Magnox to complete the remaining workscope over the next four years to take Trawsfynydd to a Care & Maintenance state.

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 2010 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.

For additional information contact:          Michelle Jones          626.578.6968

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SOURCE Jacobs Engineering Group Inc.