The Shaw Group Inc. and Westinghouse Electric Co. LLC have signed a contract for engineering, procurement and construction of a two-unit nuclear powerplant at a greenfield site in Levy County, Fla. Progress Energy Florida Inc., the owner, expects to receive a combined construction and operating license from the Nuclear Regulatory Commission by early 2012. Current plans are for operation of the plant in the 2016-18 time frame, after which Progress Energy will retire its two oldest coal-fired units at the Crystal River Energy Complex in Citrus County, Fla. The new units will be AP1000 pressurized-water reactors, rated at 1,105 MW.
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.