August 13, 2009 09:06 AM Eastern Time 

Shaw and Westinghouse Announce Successful Placement of Major Structural Module at Sanmen Nuclear Site in China

BATON ROUGE, La.--(BUSINESS WIRE)--The Shaw Group Inc. (NYSE: SGR) and Westinghouse Electric Company, its AP1000 Consortium team member, today announced, along with China’s State Nuclear Power Technology Corporation (SNPTC) and Nuclear Construction Company #5, the successful placement of the first major structural module at the Sanmen nuclear power plant project.

The plant is owned by Sanmen Nuclear Power Company Ltd. (SMNPC) and located in China’s Zhejiang province.

Weighing approximately 1,020 tons (with rigging apparatus) and measuring 69 feet wide, 44 feet long and 69 feet high, Auxiliary Building Module CA-20 is the largest of the project’s more than 200 structural and mechanical modules. Its placement ranks as one of the heaviest and largest on record for the nuclear energy industry.

In commenting on the CA-20 milestone, Westinghouse President and Chief Executive Officer Dr. Aris Candris lauded all parties involved with the successful installation. “As with the successful, on-time and on-schedule pour of the first nuclear concrete for the Reactor Building mat earlier this spring, we have again shown that next generation nuclear power plants can be, and are being, built in an efficient and timely manner,” he said. “We have many challenges ahead, but we look forward, with the continued close cooperation of our customer, partners and suppliers, to bringing this plant on line as scheduled in 2013.”

Shaw provided engineering and project management services leading up to and throughout the module’s lift and placement, which was executed safely and without incident. The Module CA-20 partially makes up the walls, floors and rooms of the auxiliary building, one of six buildings that comprise the nuclear island of an AP1000™ nuclear power plant.

“The setting of the world’s first major AP1000 structural module is a tremendous engineering, design, fabrication and construction accomplishment,” said Fred Buckman, president of Shaw’s Power Group. “The team’s exceptional performance in bringing all elements together in exact sequence facilitated a successful execution. Shaw is proud to have been part of the team that completed this landmark evolution, which represents the start of advanced modular construction methodology on the world’s first AP1000 nuclear power plant.”

Shaw is under contract with SNPTC, SMNPC, Shandong Nuclear Power Company Ltd. and China National Technical Import & Export Corporation to provide engineering, procurement, commissioning, information management and project management services for two Westinghouse AP1000 nuclear units being built at Sanmen and another two units under construction at Haiyang in Shandong province.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record’s list of Top 500 Design Firms. For further information, please visit Shaw’s Web site at www.shawgrp.com.

Westinghouse Electric Company, a group company of Toshiba Corporation (TOKYO:6502), is the world’s pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world’s first commercial PWR in 1957 in Shippingport, Pennsylvania. Today, Westinghouse technology is the basis for more than 40 percent of the world’s operating nuclear plants, including 60 percent of those in the United States. Information about Westinghouse Electric Company and the AP1000™ nuclear power plant is available on the company’s web site at www.westinghousenuclear.com

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management “believes,” “expects,” “anticipates,” “plans” or other similar expressions) and statements related to revenues, earnings, backlog, or other financial information or results are forward-looking statements based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company’s reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company’s Web site under the heading “Forward-Looking Statements.” These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the Company and announcements it makes from time to time on a regional basis, visit our Web site at www.shawgrp.com.

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