Shaw Expands Operations to Support Growing Energy Market

Shaw is expanding its Charlotte office to meet growing energy industry demands, especially the needs of power generating utilities. The company has been providing flue gas desulphurization (FGD-scrubber) services that assist utilities in meeting clean air emissions requirements. Shaw is currently performing FGD engineering and construction services for Duke Energy, as well as other major utilities. Shaw anticipates there will be significant additional scrubber work needed by coal-fired generating plants, as well as possible grassroots coal-fired power plant projects which could be managed from its expanded Charlotte office.

Mr. Bernhard commented, "We are very pleased to expand our Charlotte operations and to further strengthen our commitment to the State of North Carolina. Charlotte is a tremendous place to do business and is great strategic fit for our company. Due to the improving energy market, we expect to double the size of our Charlotte office employee base to support our current work, as well as emerging opportunities. Charlotte offers a deep pool of engineering and design talent and our expansion will mean an additional 200 high-level employment positions over the next year."

Shaw currently employs over 1,200 people in the Charlotte area and will lease nearly 48,000 square feet of office space in their expanded office space. Shaw expects to hire 200 additional engineers by June 2005. The Charlotte location will primarily house the company's project controls and design group within its energy division.

The office also serves as headquarters for Shaw Energy Delivery Services, the company's power transmission and distribution unit which was acquired from Duke Energy in late 2003 to complement Shaw's existing portfolio of energy services.

The Company also manages a major design project for the Department of Energy (DOE) through the Charlotte location. Shaw is doing design work on the Mixed Oxide (MOX) Fuel Fabrication Facility to be built at the DOE's Savannah River site. The MOX facility will be used for the conversion of weapons-grade plutonium to fuel-grade nuclear material to be used in commercial nuclear power plants. The project is being performed through a consortium with Duke Project Services and COGEMA Inc.

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Posted 22/04/05

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