CH2M-led Four Rivers Nuclear Partnership, LLC. awarded Department of Energy Paducah Deactivation and Remediation Contract
The performance based contract is valued at approximately $1.5 billion over ten years.
DENVER, May 26, 2017 /PRNewswire/ -- The United States Department of Energy announced today that Four Rivers Nuclear Partnership, LLC., a CH2M-led company with partners Fluor Corporation and BWX Technologies, Inc., was awarded the Paducah Deactivation and Remediation (D&R) Contract at the Paducah Gaseous Diffusion Plant. The Paducah site is situated on approximately 3,500 acres in Western Kentucky, eight miles west of Paducah, Kentucky, and 3.5 miles south of the Ohio River.
The performance based contract is valued at approximately $1.5 billion over ten years; the base term is five years valued at approximately $750 million, followed by three-year and two-year option periods, valued at an approximate total of $750 million combined. A transition period is scheduled to begin on June 2017.
The site, built in the 1950s as part of the nation's nuclear weapons complex, processed uranium from 1952 to 2013 for military reactors, nuclear weapons, and nuclear power plant fuels. The D&R contract includes management of over 650 structures, properties, and buildings and will optimize short- and long-term surveillance and maintenance costs to allow for additional stabilization, deactivation and remediation activities, reducing risk and future demolition costs.
CH2M leads the professional services industry delivering sustainable solutions benefiting societal, environmental and economic outcomes with the development of infrastructure and industry. In this way, CH2Mers make a positive difference providing consulting, design, engineering and management services for clients in water; environment and nuclear; transportation; energy and industrial markets, from iconic infrastructure to global programs like the Olympic Games.
Ranked among the World's Most Ethical Companies and top firms in environmental consulting and program management, CH2M in 2016 became the first professional services firm honored with the World Environment Center Gold Medal Award for efforts advancing sustainable development. Connect with CH2M at www.ch2m.com; LinkedIn; Twitter; and Facebook.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.
Headquartered in Lynchburg, Va., BWX Technologies, Inc. (NYSE:BWXT) is a leading supplier of nuclear components and fuel to the U.S. government; provides technical and management services to support the U.S. government in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components, services and fuel for the commercial nuclear power industry. With approximately 6,100 employees, BWXT has nine major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and two NASA facilities. Follow us on Twitter @BWXTech and learn more at www.bwxt.com.