Shaw to build power plant in Arizona

The Shaw Group Inc. has signed a letter of intent with PG & E National Energy Group for the construction of an 1100mw combined-cycle power plant, to be located 60 miles west of Phoenix, Arizona in the town of Tonopah. Shaw will execute the engineering, procurement and construction services for the project. PG&E National Energy Group has ownership or management interests in more than 7000mw and has more than 10,000mw in new power plant development or construction currently under way. Shaw will assume engineering on the project immediately. The power plant is scheduled to be complete and in commercial operation by June 2003.