Nuclear

Bechtel and Fluor Preparing Bids to Take Over Votgle Expansion

By Editors of Power Engineering

Both Bechtel Corp. and Fluor Corp are preparing bids to take over construction of the two new nuclear reactors being developed at Plant Vogtle.

Bloomberg reported the bids from sources that asked not to be identified. Bechtel’s estimate on how much it will take to assume construction is expected by August. Southern has estimated its share of total capital and financing costs is $7.75 billion.

Fluor is already a subcontractor on the Vogtle expansion.

The Vogtle expansion, which is three years past due and at least $1.3 billion over budget, was undertaken by Westinghouse, which filed for bankruptcy protection earlier this year. Southern has agreed in principle to take the lead from Westinghouse, though the deal depends on whether Scana decides to move forward with its V.C. Summer expansion, also originally under way by Westinghouse.

Scana had told state regulators only a few contractors are capable of finishing the project, including Bechtel, Fluor and Areva SA.

Though Southern Company has asked for $3.7 billion from Westinghouse’s parent company Toshiba, the company has not yet decided whether it will finish the Vogtle expansion.