CB&I Announces Award Of Execution Phase Of Air Quality Control Program

THE WOODLANDS, Texas, May 2, 2013 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract for the execution phase of an air quality control program for 13 existing coal-fired units at five sites. The units represent more than 9,000 megawatts (MW) of electric generating capacity.

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This award is valued at approximately $300 million. CB&I was awarded the development phase of the project in September 2012. During the execution phase, CB&I will provide engineering, procurement and construction management for modern air quality control technologies that will reduce emissions including sulfur dioxide, mercury, particulate and hydrogen chloride. This is a second quarter 2013 award.

"CB&I has a rich history in air quality control retrofits. This project will allow us to continue our legacy in providing clean coal operations to meet or exceed current regulations," said Lasse Petterson, Chief Operating Officer and Executive Vice President, Engineering, Construction and Maintenance operating group.

CB&I is a leading provider of air quality control systems, including wet and dry flue gas desulfurization, dry sorbent injection, nitrogen oxides and mercury removal, and particulate emissions control systems. CB&I has performed emissions retrofits on more than 40,000 MW of power generation within the past 10 years.

About CB&I

CB&I (NYSE: CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services.  Drawing upon more than a century of experience and the expertise of approximately 50,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality.  For more information, visit www.cbi.com. 

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2012, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

SOURCE CB&I

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