WNG Washington Grp Int#

BOISE, Idaho, and PRINCETON, N.J., Aug. 14 /PRNewswire-FirstCall/ -- Washington Group International (NYSE:WNG) announced today that it has been selected by Nuclear Power Qinshan Joint Venture Co. LTD (NPQJVC) to provide project management consulting services related to NPQJVC's nuclear power activities in China. NPQJVC owns and operates two commercial 650-megawatt pressurized water reactors in Zhejiang Province, China. In addition, NPQJVC is constructing two additional 650-megawatt units at the same site. "As China embraces a nuclear future to satisfy the gap in its power-generating needs, Washington Group International is committed to sharing the expertise that we have retained through more than 40 years in the commercial nuclear industry, complemented by our understanding of current technology and efficient management techniques," said Lou Pardi, president of Washington Group's Power Business Unit, headquartered in Princeton, N.J. "We look forward to supporting NPQJVC's efforts to evaluate and improve its nuclear activities." With growing energy demands in the world, nuclear power is being looked to as a key source of dependable, efficient, clean energy, because it does not produce greenhouse gases that contribute to global climate change. Washington Group will evaluate NPQJVC's nuclear project management process and project execution procedures. Working with NPQJVC, Washington Group specialists will develop benchmarks and evaluate any areas that could further improve project performance. In addition to work at sites in China, Washington Group will also host an NPQJVC technical team in its Princeton office and provide consulting and advisory services on a variety of engineering and technical issues. NPQJVC was formed in 1996 to construct and manage power generation business with nuclear technology. The joint venture shareholders include China National Nuclear Corporation, Zhejiang Provincial Electric Power Company, Shenneng (Groups) Company Ltd., Jiangsu International Trust and Investment Corporation, China Power Investment Corporation, and Anhui Energy Investment Corporation. Washington Group International provides services addressing the full nuclear life cycle including providing licensing, engineering, design, procurement, construction, startup, maintenance and modification, decommissioning, and waste storage services for nuclear power. Washington Group has provided services to virtually every U.S. nuclear power plant and is the engineer or constructor of record for 49 nuclear units worldwide. Washington Group International (NYSE:WNG) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. Headquartered in Boise, Idaho, with more than $3 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation, and water resources. For more information, visit http://www.wgint.com/. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Each forward-looking statement, including, without limitation, any financial guidance, speaks only as of the date on which it is made, and Washington Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. The forward-looking statements are necessarily based on assumptions and estimates of management and are inherently subject to various risks and uncertainties. Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal, and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies. Performance is subject to numerous factors, including demand for new power generation and for modification of existing power facilities, public sector funding, demand for extractive resources, capital spending plans of customers, and spending levels and priorities of the U.S., state and other governments. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives. For additional risks and uncertainties impacting the forward-looking statements contained in this news release, please see "Note Regarding Forward-Looking Information" and "Item 1A. Risk Factors" in Washington Group's annual report on Form 10-K for fiscal year 2006. DATASOURCE: Washington Group International CONTACT: Jerry Holloway or Laurie Spiegelberg of Washington Group International, +1-208-386-5255 Web site: http://www.wgint.com/

Copyright