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| Fluor expects to report strong third quarter new awards Fluor Corp announced that its third quarter results will include a charge of approximately $163 million, or $0.90 per share, for estimated cost increases on the Greater Gabbard Offshore Wind Project. In 2008, the company was awarded a $1.8 billion fixed price contract to construct a 500 megawatt wind farm approximately 25 kilometers off the east coast of the United Kingdom. To date, all 140 monopiles and tower transition pieces have been installed and 53 of 140 wind turbine generators are in place. Installation and commissioning of the remaining wind turbine generators, subsea inter-array cabling and grid substations are expected to continue through the latter part of 2011. The overall project is expected to be completed in early 2012. write your comments about the article :: © 2010 Construction News :: home page |