Breaking News

Japan June Exports Fall 2% Worse Than Economists' Estimate of 1% Increase
Tweet TWEET

Fluor Moves Forward with Next Phase of EPC Services for Centinela’s Solar Energy Facility in California

  Fluor Moves Forward with Next Phase of EPC Services for Centinela’s Solar
  Energy Facility in California

Business Wire

IRVING, Texas -- February 14, 2013

Fluor Corporation announced today that Centinela Solar Energy, LLC, a member
of LS Power Group, has issued a notice-to-proceed for Phase 2 of the Centinela
Solar Energy Facility, a new nominal 170-megawatt solar photovoltaic (PV)
facility located in Southern California. Fluor received its initial
notice-to-proceed from LS Power in September 2012 and began construction in
December 2012. Phase 2 is the final phase to be released to Fluor under its
lump-sum engineering, procurement and construction (EPC) contract for the
project. The company will book the undisclosed second phase value in the first
quarter of 2013.

“We are excited to announce the final release in our EPC contract for Phase 2
of the Centinela project. This is a significant project for Fluor and we are
very pleased to be able to build on our relationship with LS Power and with
the progress to date on the project,” said Matt McSorley, senior vice
president of Fluor’s Power Group.

The Centinela project is located on approximately 2,100 acres 90 miles east of
San Diego, and all major permits have been secured for the project. This
project will help meet the regional need for renewable energy and will be one
of the first major projects to tie into the newly constructed Sunrise
Powerlink Transmission Line. Centinela Solar Energy has closed financing for
both Phases of the project and has executed a 20-year power purchase agreement
for the entire power output from the facility.

Engineering, procurement and construction oversight is under way from Fluor’s
Southern California operations center. The facility is expected to achieve
full commercial operation by the middle of 2014.

LS Power is a power generation and transmission group with a proven track
record of successful development activities, operations management and
commercial execution. LS Power has been involved in the development,
construction, or operations of more than 25,000 megawatts of power generation
throughout the United States.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its
clients to design, build and maintain many of the world's most challenging and
complex capital projects. Through its global network of offices on six
continents, Fluor's 43,000 employees provide comprehensive capabilities and
world-class expertise in the fields of engineering, procurement, construction,
commissioning, fabrication, operations, maintenance and project management.
Today, the company serves a global client base in the energy, chemicals,
government, industrial, infrastructure, operations & maintenance,
manufacturing & life sciences, mining, power and transportation sectors.
Headquartered in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and
had revenue of $24.3 billion in 2011. For more information, visit
www.fluor.com.

Contact:

Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222