BOISE, Idaho and TAIPEI, Taiwan, Sept. 24 /PRNewswire-FirstCall/ -- Washington Group International announced today that it has been selected by independent power producer Taiwan Cogeneration Corporation to provide project-management consulting services in support of construction of a 490-megawatt power plant in western Taiwan. The gas-fired, combined-cycle Star Buck power plant is being built within the Chang-Bin Coastal Industrial Park in Chang-Hua County and is scheduled to begin commercial operation in June 2009.
Washington Group has completed conceptual engineering for the plant, and GIBSIN Engineers Ltd., Washington Group's affiliate in Taiwan, is providing detailed engineering and design.
"We are pleased to contribute to the construction of this new power plant, which will be a crucial part of meeting Taiwan's increasing demand for electric power," said Lou Pardi, president of Washington Group's Power Business Unit, headquartered in Princeton, N.J.
Washington Group's diverse expertise in the power market ranges from engineering, constructing, and maintaining power plants and transmission and distribution systems to installing clean-air systems and partnering in advanced power technologies.
Washington Group International provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. Headquartered in Boise, Idaho, with more than $3 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation, and water resources. For more information, visit http://www.wgint.com/.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Each forward-looking statement, including, without limitation, any financial guidance, speaks only as of the date on which it is made, and Washington Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. The forward-looking statements are necessarily based on assumptions and estimates of management and are inherently subject to various risks and uncertainties. Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal, and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies. Performance is subject to numerous factors, including demand for new power generation and for modification of existing power facilities, public sector funding, demand for extractive resources, capital spending plans of customers, and spending levels and priorities of the U.S., state and other governments. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives. For additional risks and uncertainties impacting the forward-looking statements contained in this news release, please see "Note Regarding Forward-Looking Information" and "Item 1A. Risk Factors" in Washington Group's annual report on Form 10-K for fiscal year 2006.
