The Dept. of Energy has awarded Paris-based Areva Corp. a $2-billion conditional loan guarantee for a greenfield uranium-enrichment plant in Idaho Falls, Idaho—one of the plants needed to help supply the U.S. market with enriched uranium for nuclear powerplants. Photo: Areva Corp. Idaho Falls Facility would cover 400 acres and cost $3.3 billion. The DOE says it has an additional $2 billion for a loan guarantee to support another uranium-enrichment plant, a guarantee for which Bethesda, Md.-based USEC Inc. has said it will re-apply later this year. Areva expects to award an engineering, procurement and construction contract for the 400-acre,
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.