Progress Energy signs $7.65-bil contract for new nuclear units - 0 views
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Energy Net on 13 Jan 09Progress Energy on Monday said it had signed a $7.65-billion engineering, procurement and construction contract with the consortium of Westinghouse and The Shaw Group to build two Westinghouse AP1000 reactors at a site in Levy County, Florida, near its existing Crystal River-3 reactor. The utility said forecasted inflation, owner costs and contingencies will bring the total cost of the two-unit project to about $14 billion. The estimate also includes land price, plant components, financing costs, construction, labor, regulatory fees and reactor fuel for two units. An additional $3 billion is estimated for the necessary transmission equipment and about 200 miles of transmission lines associated with the project, Progress said.