BOISE, Idaho and SHANGHAI, China, Dec. 22 /Xinhua-PRNewswire/ --
Washington Group International (Nasdaq: WGII) announced today that it has
been selected by Sanmen Nuclear Power Company (SMNPC) to provide project
management training services in China and the United States. SMNPC is
preparing to construct its first two nuclear units at a seacoast site in
Sanmen in the Zhejiang province.
The contract calls for Washington Group to conduct a series of workshops
to provide program management training using processes, procedures, and
training materials, which have been successfully employed on a variety of
Washington Group projects throughout the world.
Washington Group conducted the first workshop for SMNPC in early
December. More than 65 SMNPC employees working in project management,
project controls, human resources, contracts, procurement, estimating,
quality assurance/quality control, information technology, engineering, and
plant operations participated in the workshop. The training involved
everything from pre-project planning to project controls and estimating to
employee relations.
"It is highly appreciated that Washington Group has attached importance
to this training program," stated Mr. Gu Jun, deputy general manager of
SMNPC. "We believe both parties will take this event as the remarkable
beginning of the continuing cooperation between SMNPC and Washington Group
International."
Lou Pardi, president of Washington Group's Power Business Unit,
said: "SMNPC was looking for a company to share industry best practices with
an emphasis on project management. We will impart lessons learned on a
variety of issues critical to on-time and on-budget performance.
"Our selection for this important assignment illustrates our strong
reputation and capabilities in nuclear services and project management, and
we are committed to assisting SMNPC in developing a world-class program
management capability."
Washington Group International provides services addressing the full
nuclear lifecycle 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.
About Washington Group International
Washington Group International (Nasdaq: WGII) provides the talent,
innovation, and proven performance to deliver integrated engineering,
construction, and management solutions for businesses and governments
worldwide. 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 .
Forward-looking Statements
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 2005.