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Shaw Group purchase won't affect Plant Vogtle, company says

Tuesday, July 31, 2012 12:10 PM
Last updated 5:38 PM
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The Shaw Group, which is building Southern Nuclear’s new reactors at Plant Vogtle, is being purchased by Netherlands-based Chicago Bridge & Iron, which is also a contractor at the Burke County site.

The deal, which remains subject to regulatory approval, is valued at about $3 billion, according to a news release issued this week.

The Shaw Group is also the contractor for SCANA’s already under way expansion of its V.C. Summer Nuclear Station in South Carolina and is building four reactors in China that involve the same Westinghouse AP1000 reactors under construction in the U.S.

Southern Co. spokesman Jeff Wilson said the changes won’t affect the Vogtle project.

“CB&I’s acquisition of Shaw will not have any impact on the Vogtle 3&4 project, which is progressing well,” he said.

The Shaw Group, based in Louisiana, has about 27,000 employees.

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dwb619
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dwb619 07/31/12 - 12:36 pm
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CBI

Didn't know they are foreign based now.
However,CBI has a much better reputation in the industry than Shaw.

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