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Fluor Proceeds with Next Phase of EPC Services for Centinela's Solar Energy Facility; Shares Inch Higher

By: MT Newswires
Posted: 2/14/2013 11:17:00 AM
Referenced Stocks: FLR

Fluor Corp. ( FLR ) said 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 in Southern California. FLR 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 FLR under its lump-sum engineering, procurement and construction (EPC) contract for the project. The company will book the undisclosed second phase value in Q1.

FLR is up 0.3% at $64.24 in a 52-week range of $44.99 - $66.67.