Shaw expands Power Group base

29 November 2007

[Charlotte Observer, 29 November] US energy services firm Shaw Group has announced the addition of 556 jobs to its operations in Charlotte, North Carolina, naming the city as the headquarters of its power division and increasing the company's workforce there by over 50%. Shaw is reported to be planning to invest $35 million in the expansion, with the jobs - mostly for engineers and designers - to be created over five years. Although Shaw stands to gain up to $12.7 million in cash payments from state grants, the choice of location was driven more by the education of the local workforce than by financial incentives, according to Shaw CEO Jim Bernhard. Shaw Power Group, which provides turnkey, engineering design, procurement, construction, maintenance and operations services to the power industry, accounts for over 50% of Shaw's revenue. Shaw also owns 20% of Westinghouse and is principal contractor for Westinghouse's AP1000 reactor design, through which it is involved in the construction of four AP1000 units in China agreed earlier this year.

Further information

Shaw Group

WNN: Westinghouse signs Chinese contracts, buys into PBMR

---