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Fluor Corporation Winner of Project Management Institute's 2009

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Fluor Corporation Winner of Project Management Institute's 2009 Project of the Year Award


Press Release
Source: Project Management Institute
On 7:21 am EDT, Monday October 12, 2009
Buzz up! 0 Print.ORLANDO, Fla.--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR - News), a company that designs, builds and maintains projects for governments and clients in diverse industries around the world, has been honored by Project Management Institute (PMI) as the winner of the Project of the Year Award for their engineering, procurement, construction and commissioning of Newmont Mining Corporation’s (NYSE: NEM - News) TS Power Plant (TSPP) near Dunphy, Nev. The award recognizes the accomplishments of a project and the involved project team for superior performance and execution of exemplary project management.

Commissioned and managed by Newmont Nevada Energy Enterprises, Ltd., a wholly owned subsidiary of Newmont Mining Corporation, the TSPP started commercial operations on May 1, 2008. This facility, one of the first in a line of new coal-fired power facilities going into commercial operation, has exceeded the planned performance guarantees resulting in significant fuel savings to Newmont that will be realized over the life of the facility. In addition, actual plant output exceeded the contractual output.

Newmont’s TSPP facility recycles a significant amount of water, thereby maximizing water utilization and minimizing waste. The facility also incorporates large evaporation ponds to allow it to be a zero liquid discharge plant. Moreover, during the entire tenure of the construction project, there were no environmental citations of any type.

Over the span of two years, more than three million safe hours were completed without a lost time accident. In recognition of outstanding safety and health efforts on the project, the TSPP was awarded a “Safe Partner Award” by the State of Nevada.

The project was completed two months ahead of schedule. POWER Magazine’s October 2008 issue featured the TS Power Plant on its cover, and selected it as one of the top five coal-powered power plants in the world in 2008.

“At Fluor, we feel that project management is one of our key differentiators and to be recognized by PMI and our peers for a second time in three years is a testament to the way our teams execute with excellence,” said Fluor Corporation’s Chairman and CEO Alan Boeckmann. “We are honored that our client, Newmont Mining, would think enough of our work to support our nomination for this prestigious award. This recognition is a tribute to hard work, dedication and innovation of the combined Newmont/Fluor team.”

“The TSPP team from Fluor, in partnership with Newmont’s project team, strived to achieve excellence through all facets of the project and demonstrated how a detailed project management methodology, combined with a passionate and engaged team, can help deliver a project promptly and efficiently,” said Gregory Balestrero, president and chief executive officer of PMI. “PMI commends Fluor and the project team for these outstanding results with the 2009 Project of the Year award.”

Newmont’s Executive Vice President for Discovery & Development, Guy Lansdown, said, “In addition to being one of the most environmentally responsible coal-based power plants in the nation, the TS Power Plant’s construction was a model for worker safety. Newmont’s contractors and employees should be proud of this signature achievement as it will help us achieve our mission to build a sustainable mining business that delivers top quartile shareholder returns while leading in safety, environmental stewardship and social responsibility.”

Project managers for the system upgrade incorporated concepts outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), the global standard for project management published by PMI. Mr. Boeckmann and the Fluor team were presented with the PMI Project of the Year Award on 10 October during the PMI Awards Ceremony at PMI® Global Congress 2009—North America in Orlando.

About Fluor Corporation

Fluor Corporation (NYSE: FLR - News) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008. For more information, visit www.fluor.com.

About Project Management Institute (PMI)

The world’s leading project management organization, PMI shares knowledge with nearly 500,000 members and credential holders in 185+ countries. Since its founding 40 years ago, PMI has impacted more than one million practitioners, businesses, governments, students and training organizations. Today, PMI’s products and services range from world-class standards for project, program and portfolio management to five professional credentials, including the gold standard Project Management Professional (PMP)®. PMI’s exclusive Global Corporate Council and European Corporate Networking Group engage large multinationals and government organizations in endorsing the value of project management. The only project management association with an established academic research program, PMI has invested more than US$14 million in support of dozens of research projects since 1997. Learn more at PMI.org.




Contact:
Project Management InstituteGlenn Boyet, + 1 610-356-4600 + 1 610-356-4600, ext. 1112Glenn.Boyet@PMI.orgorEdelmanKaycee Holmes, +1 214-443-7597 +1 214-443-7597Kaycee.Holmes@Edelman.com

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