Fluor Corp. (NYSE: FLR) said that the Lower Colorado River Authority (LCRA) awarded the firm an engineering, procurement and construction (EPC) contract for its new 540 MW combined-cycle Ferguson Replacement Project near Marble Falls, Texas. Financial terms of the deal were not disclosed.

Once LCRA receives the required permit from the U.S. Environmental Protection Agency (EPA), which is projected to be by the end of 2011, Fluor said it expects to receive a notice-to-proceed to replace the 37-year-old, 420 MW Thomas C. Ferguson Power Plant with the Ferguson Replacement Plant. Construction will begin after LCRA receives all required permits.

Read more new gas-fired projects news