CB&I Breaks Ground on Entergy Lake Charles Power Station

THE WOODLANDS, Texas, Jan. 22, 2018 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has broken ground for the Lake Charles Power Station, a new natural gas-fired combined-cycle power plant for Entergy Corporation subsidiary Entergy Louisiana, LLC in Lake Charles, Louisiana. CB&I's scope of work on the project includes the engineering, procurement, construction and commissioning for the 994 megawatt plant, which features advanced-class turbines for the efficient production of clean power generation.

"The groundbreaking for this Lake Charles Power Station is a significant milestone as it marks the second of three identically designed power projects included in the strategic partnership framework between Entergy and CB&I," said Patrick K. Mullen, CB&I's President and Chief Executive Officer. "CB&I is proud to expand our strategic relationship with Entergy by building power generation plants that will provide clean, reliable and affordable power to the local community, while supporting local job growth for the surrounding area."

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, CB&I provides reliable solutions to our customers around the world 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, 2016, 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.

Investors: Scott Lamb, +1 832 513 1068, [email protected]
Media: Gentry Brann, +1 832 513 1031, [email protected]

SOURCE CB&I

Related Links

http://www.cbi.com