Quanta Services Selected by Nalcor Energy for Muskrat Falls HVac Transmission Project

Quanta Services Selected by Nalcor Energy for Muskrat Falls HVac Transmission 
Project 
HOUSTON, Dec. 18, 2013 /CNW/ - Quanta Services, Inc. (NYSE: PWR) today 
announced that Valard Construction, a Quanta Services company, was selected to 
install transmission infrastructure in Labrador, Canada, for Nalcor Energy's 
Muskrat Falls Project. Under the terms of the contract, Valard will install 
two separate and parallel 315-kilovolt alternating current (AC) transmission 
lines, each 155 miles (250 kilometers) in length, or a total of approximately 
310 miles (500 kilometers). The two transmission lines will connect Nalcor 
Energy's 824 megawatt (MW) Muskrat Falls hydroelectric generating facility 
currently under construction with an existing 5,428 MW hydroelectric facility 
and electricity infrastructure in Churchill Falls. 
(Logo: http://photos.prnewswire.com/prnh/20110810/MM50805LOGO) 
"Valard presented the best-value proposal to Nalcor Energy for the AC 
transmission line construction," said Gilbert Bennett, vice president, Nalcor 
Energy Lower Churchill Project. "We are confident in their capability to 
undertake this work, backed by their strong track record of delivering large 
projects in Canada." 
Quanta anticipates construction of the Muskrat Falls transmission project will 
begin soon and expects the project to be completed in the spring of 2016. 
Valard has been awarded all construction aspects of the project, including 
foundation installation, tower assembly and erection and conductor stringing. 
"Once completed, the Muskrat Falls Project, including the associated 
transmission lines, will deliver a reliable and clean supply of electricity to 
the island of Newfoundland and will facilitate the delivery of electricity to 
markets in the Maritime Provinces and Northeastern United States," said Jim 
O'Neil, president and chief executive officer of Quanta Services. "Through 
Valard Construction and our other electrical infrastructure operating units, 
Quanta brings a history of safe execution, exceptional scope and scale and 
financial resources to efficiently construct complex energy infrastructure 
projects for our customers." 
"Valard has constructed a number of Canada's largest and most critical 
transmission lines, and we appreciate Nalcor Energy's confidence in our 
ability to safely execute on this complicated project," said Adam Budzinski, 
president of Valard Construction. "Valard brings a large, nation-wide skilled 
labor resource pool and track record of success to this project, which is 
important considering these lines will be built in remote areas in harsh 
weather conditions." 
About Valard Construction and Quanta Services Based in Edmonton, Alberta, 
Valard Construction is Quanta Services' largest operating unit in Canada. 
Valard is a leading full-service engineering, procurement and construction 
(EPC) contractor, skilled in providing turnkey solutions for power system 
requirements throughout Canada. Valard was founded in 1978 and comprises a 
workforce of approximately 2,700 trades-related people and an experienced 
management team. For more information, visit www.valard.com. 
Quanta Services is a leading specialized contracting services company, 
delivering infrastructure solutions for the electric power and natural gas and 
pipeline industries. Quanta's comprehensive services include designing, 
installing, repairing and maintaining energy infrastructure. Additionally, 
Quanta licenses point-to-point fiber optic telecommunications infrastructure 
in certain markets and offers related design, procurement, construction and 
maintenance services. With operations throughout North America and in certain 
international markets, Quanta has the manpower, resources and expertise to 
safely complete projects that are local, regional, national or international 
in scope. For more information, visit www.quantaservices.com. 
Forward-Looking Statements 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: any expected value 
of the contract with Nalcor Energy, the scope, services, terms and results of 
the project awarded under the contract, the anticipated commencement and 
completion dates for the project, the safety, efficiency or success of the 
project, the impact of the project on the electric power grid and 
infrastructure reliability, and prospective growth in the demand for power and 
related infrastructure, 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, the effects of 
industry, economic or political conditions outside of the control of Quanta; 
successful performance and completion of the contract and the project awarded 
thereunder; failure to realize the anticipated value of the contract or the 
project; the potential for incurrence of damages or other claims for schedule 
delays or performance shortfalls, including as a result of warranty claims 
following completion of the project; the failure of 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 and renewable energy industries; delays, 
reductions in scope or cancellations of the contract or the project awarded 
thereunder, including as a result of weather, regulatory or environmental 
issues; cancellation and termination provisions present in the contract; and 
other factors affecting the business of the Quanta generally, including risks 
detailed in Quanta's Annual Report on Form 10-K for the year ended December 
31, 2012, Quanta's Quarterly Reports on Form 10-Q for the applicable quarters 
in 2013 and any other documents filed by Quanta 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. 
Investors 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. 
 __________________________________________________________________
|Investors - Kip Rupp, CFA|Media - Deborah Buks and Molly LeCronier|
|_________________________|________________________________________|
|Quanta Services, Inc.    |Ward Creative Communications            |
|_________________________|________________________________________|
|713-341-7260             |713-869-0707                            |
|_________________________|________________________________________|
 

SOURCE  Quanta Services, Inc. 
http://www.quantaservices.com 
http://photos.prnewswire.com/prnh/20110810/MM50805LOGO 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2013/18/c5421.html 
CO: Quanta Services, Inc.
ST: Texas
NI: CST UTI OIL ORDER  
-0- Dec/18/2013 11:08 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.