Shaw in power pact with NRG

The Shaw Group Inc. and NRG Energy Inc. have signed an agreement for constructing two gas-fired power plants to be located in the South Central United States. Shaw has been given limited notice to proceed on the two plants which together, total 1520mw of generating capacity. Shaw will execute the engineering, procurement and construction services for the projects. The two power plants NRG awarded to Shaw include the 1200mw combined-cycle Pike plant located in Holmesville, Mississippi. Engineering work has begun and the project calls for 600mw to begin operations in the summer of 2003, and an additional 600mw to commence operations during the fourth quarter of 2003. The second facility is the 320mw simple-cycle Bayou Cove plant located near Jennings, Louisiana. Engineering work is under way and the plant is expected to commence operations in the summer of 2002.

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