BATON ROUGE, La., Mar 29, 2005 (BUSINESS WIRE) — The Shaw Group Inc. (NYSE: SGR) today announced that its
Shaw EMCON/OWT unit, which specializes in solid waste management
solutions, has successfully completed a 1.6-MW landfill
gas-to-electricity (LFGTE) turnkey development project at the Western
Regional Landfill in Lincoln, California, for Energy 2001, Inc.
Using its patented Triton Powerpak(TM) engine generator
technology, Shaw fabricated the two Triton Powerpak units and
designed, permitted, and constructed the facility, and holds a 10-year
contract to operate the LFGTE plant. Power generated is being sold to
the City of Roseville, California through an agreement with the
Northern California Power Authority. Facility components were designed
in a modular fashion to allow maximum operational flexibility and to
allow that the facility can be expanded, depending on LFG availability
and overall site development requirements.
J. M. Bernhard, Chairman and Chief Executive Officer of Shaw,
said, “This is a very important project and one that cements our role
as an innovative provider of landfill gas to electricity solutions.
Driven by renewable resource regulations and goals, we expect this
business to expand considerably in the next few years.”
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities management
services for government and private sector clients in the power,
process, environmental, infrastructure and emergency response markets.
A Fortune 500 Company, Shaw is headquartered in Baton Rouge,
Louisiana, and employs approximately 18,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. For further information, please visit the
Company’s website at www.shawgrp.com.
Forward-Looking Statements – The Private Securities Litigation
Reform Act of 1995 provides a “safe harbor” for certain
forward-looking statements. The statements contained herein that are
not historical facts (including without limitation statements to the
effect that the Company or its management “believes,” “expects,”
“anticipates,” “plans,” or other similar expressions) and statements
related to revenues, earnings, backlog, or other financial information
or results are forward-looking statements based on the Company’s
current expectations and beliefs concerning future developments and
their potential effects on the Company. There can be no assurance that
future developments affecting the Company will be those anticipated by
the Company. These forward-looking statements involve significant
risks and uncertainties (some of which are beyond our control) and
assumptions and are subject to change based upon various factors.
Should one or more of such risks or uncertainties materialize, or
should any of our assumptions prove incorrect, actual results may vary
in material respects from those projected in the forward-looking
statements. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. A description of some of the
risks and uncertainties that could cause actual results to differ
materially from such forward-looking statements can be found in the
Company’s reports and registration statements filed with the
Securities and Exchange Commission, including its Form 10-K and Form
10-Q reports, and on the Company’s website under the heading
“Forward-Looking Statements”. These documents are also available from
the Securities and Exchange Commission or from the Investor Relations
department of Shaw. For more information on the company and
announcements it makes from time to time on a regional basis visit our
website at www.shawgrp.com.
SOURCE: The Shaw Group Inc.
The Shaw Group Inc.
Chris D. Sammons, 225-932-2500