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Shaw Group Wins Nuclear Plant Construction Contract from SNPTC’s Subsidiary

The Shaw Group Inc. (NYSE: SHAW) today announced it has signed an initial contract with State Nuclear Power Engineering Corp. Ltd., a subsidiary of China’s State Nuclear Power Technology Corp. Ltd. (SNPTC), to provide technical support services for additional AP1000 nuclear power plants in China.

Beginning with two new AP1000 units at the Xianning nuclear power plant project in Hubei province, Shaw will provide technical support services, which include engineering and design management, project controls, quality assurance, construction management and project management, as well as health, safety and environmental management.

In April 2009, Shaw signed a strategic cooperation agreement with SNPTC to support China’s rapidly growing nuclear power infrastructure. China currently has 12 nuclear power plants that generate 10 gigawatts of power and plans to construct 30 new reactors by 2020 that will result in the production of at least 40 gigawatts of nuclear power. Shaw’s contract is the first project announced under the 2009 strategic cooperation agreement.

“Shaw has demonstrated significant progress and proven success with our nuclear power projects in China,” said J.M. Bernhard Jr., Shaw’s chairman, president and chief executive officer. “The Xianning nuclear power project is Shaw’s first new contract under our long-term strategic cooperation agreement with SNPTC. We anticipate expanding our scope of work at Xianning over the next few years and also look forward to participating in additional AP1000 nuclear power projects in China as the country advances its considerable commitment to nuclear power.”

Shaw, along with its consortium team member Westinghouse, currently has a contract with SNPTC and other Chinese organizations to provide engineering, procurement, commissioning and startup, information management system and project management services for four AP1000 nuclear power plants being built in Sanmen, Zhejiang province and in Haiyang, Shandong province.

Shaw and Westinghouse are building the first new nuclear units to be awarded in the U.S. in 30 years, with six AP1000 nuclear units at three sites, in addition to the four new units under construction in China. Shaw also provides systemwide maintenance and modification services to approximately 35 percent of U.S. nuclear units, including the country’s two largest nuclear fleets.

The undisclosed value of the contract will be included in Shaw's Fossil, Renewables & Nuclear segment's backlog of unfilled orders in the fourth quarter of fiscal year 2010.


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