Skip to Content Facebook Feature Image

Fluor-led Joint Venture Receives Limited Notice to Proceed for Expansion of Nuclear Power Plant in Romania

News

Fluor-led Joint Venture Receives Limited Notice to Proceed for Expansion of Nuclear Power Plant in Romania
News

News

Fluor-led Joint Venture Receives Limited Notice to Proceed for Expansion of Nuclear Power Plant in Romania

2024-11-15 21:59 Last Updated At:22:10

IRVING, Texas--(BUSINESS WIRE)--Nov 15, 2024--

Fluor Corporation (NYSE: FLR) announced today that its joint venture (JV) has received a limited notice to proceed (LNTP) for the design phase of Units 3 & 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., signed the contract during a ceremony at the United Nations COP29 climate change conference in Baku, Azerbaijan earlier today. It marks a significant milestone in Romania's advancement of sustainability and energy security for the region. The Fluor-led JV consists of Fluor, AtkinsRéalis, Sargent & Lundy and Ansaldo Nucleare.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241115629676/en/

The event was attended by Romanian Minister of Energy Sebastian Burduja and U.S. Secretary of Energy Jennifer Granholm, highlighting robust bilateral cooperation between the countries and the strategic importance of the Cernavoda Units 3 & 4 project.

“Nuclear energy is a safe and clean source of reliable baseload electricity, which is critically important to meeting growing power demands globally,” said Pierre Bechelany, President of Fluor’s LNG & Power business, who attended the signing. “Fluor is pleased to be a part of such an important project for Romania and eastern Europe.”

The Cernavoda Nuclear Power Plant, operated by SN Nuclearelectrica, currently produces about 1.4 gigawatts of electricity with two operational units, meeting approximately 20% of Romania’s electricity demand. The addition of Units 3 & 4 will nearly double the power output of the facility.

As part of the LNTP, Fluor and its JV partners will provide information necessary for a final investment decision to be made before construction of Units 3 & 4 can proceed. This includes the development of engineering/construction plans, an updated cost estimate and schedule and preliminary nuclear safety assessment reports and engineering documents.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 34,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2023 and is ranked 265 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

#EnergySolutions

Pierre Bechelany, Fluor’s President of LNG & Power, speaking today at the United Nations COP29 climate change conference in Baku, Azerbaijan, moments before Fluor and its JV partners signed a contract for the design phase of Units 3 & 4 at the Cernavoda Power Plant in Romania. (Photo: Business Wire)

Pierre Bechelany, Fluor’s President of LNG & Power, speaking today at the United Nations COP29 climate change conference in Baku, Azerbaijan, moments before Fluor and its JV partners signed a contract for the design phase of Units 3 & 4 at the Cernavoda Power Plant in Romania. (Photo: Business Wire)

Next Article

Hundreds of hotel workers go on strike at a casino near the Las Vegas Strip

2024-11-15 21:56 Last Updated At:22:00

LAS VEGAS (AP) — Hundreds of hotel workers at a casino near the Las Vegas Strip went on strike just before dawn Friday after a long and highly publicized fight for a new contract.

The strike at Virgin Hotels Las Vegas marks the first open-ended strike in 22 years for the Culinary Workers Union, the largest labor union in Nevada, with about 60,000 members.

The union posted on the social platform X on Friday morning: “@VirginHotelsLV casino is ON STRIKE! Virgin hotel workers are walking out RIGHT NOW at Virgin Las Vegas for a fair contract! Stand with the workers, DO NOT CROSS THE STRIKE LINE!”

"24/7 picket lines around the property” would be in place during the strike, the union said in a news release, urging customers to cancel reservations or check out and to choose a union accommodation.

The company’s proposal worked out to an estimated $0.30 per year to wages over five years after deducting money for benefits, Culinary Union Secretary-Treasurer Ted Pappageorge said in the news release.

“The Virgin Las Vegas’ proposal is miles apart and is an insult to every worker — which is why the committee voted unanimously to refuse to settle for a second-class contract,” Pappageorge said. “Workers at Virgin Las Vegas deserve a first-class contract with fair wage increases, and they are organized and ready to strike for it.”

Workers at the casino also walked off the job for 48 hours earlier this year as negotiations escalated, hoping to pressure Virgin Hotels to agree to a new five-year deal with increased wages and better benefits.

Housekeepers, cocktail and food servers, porters and bellhops were among those on the picket line Friday outside the hotel-casino, which was formerly the Hard Rock Las Vegas.

It comes exactly a year after casinos up and down the Strip narrowly avoided tens of thousands of hospitality workers walking off the job on the weekend the city was set to host its first Formula One race on the famous boulevard. But agreements were reached just before the union's deadline for a strike, giving workers a roughly 32% salary increase over the life of the contract, including a 10% bump in pay in the first year.

After the breakthrough deals last November, the Culinary Union quickly reached similar agreements for the rest of its members at major hotel-casinos on the Strip, downtown and at off-Strip properties — with the exception of Virgin Hotels. The contracts on the Strip alone cover more than 40,000 workers.

Bethany Khan, a spokesperson for the union, said Virgin Hotels is the “final holdout.” The union's contract covering about 700 employees there expired in June.

The union says Virgin Hotels does not want to give its workers any wage increases during the first three years of a new five-year contract.

“We are worth more than zero wage increases,” Merla Paramo, a casino porter, said in a statement provided by the union.

Virgin Hotels said Thursday in a statement that it agreed to some wage increases before the fourth year of a new contract, but the union declined the proposal. Virgin Hotels did not provide specifics on its proposal.

“Our dedication to our team members’ well-being and achieving sustainable performance at our property remains steadfast, and we are fully committed to finding a fair resolution that is in their best interest,” the statement reads.

While Friday's walkout is far smaller in scale than the strikes planned for last year on the Strip, disruptions are still likely because of Virgin Hotels' location. The 1,500-room property is just off the Strip and along a common route to the tourist corridor from the city's international airport.

The hotel-casino sits on a recognizable lot where an 80-foot(24-meter) neon guitar sign stood for decades. It was removed in 2017 after the Hard Rock closed.

Culinary Union members last went on strike in 2002 for 10 days at the Golden Gate hotel-casino in downtown Las Vegas.

FILE - Virgin Hotels Las Vegas is illuminated on Wednesday, March 24, 2021, in Las Vegas. (Benjamin Hager/Las Vegas Review-Journal via AP, File)

FILE - Virgin Hotels Las Vegas is illuminated on Wednesday, March 24, 2021, in Las Vegas. (Benjamin Hager/Las Vegas Review-Journal via AP, File)

Recommended Articles