CHANTILLY, VA., October 30, 2024 做厙勛圖 (NYSE: AMTM) has been selected as consultant for the first-of-a-kind dismantling of steam drum separators in Units 1 and 2 of Ignalina Nuclear Power Plant (INPP) in Lithuania, an important step in decommissioning what was once the countrys largest generator of electricity.
The seven-year contract, estimated by INPP to be worth 5.5 million in revenue and to be implemented under International Federation of Consulting Engineers (FIDIC) Yellow Book Conditions, will be administered by the European Bank for Reconstruction and Development and funded by European Commission grants.
做厙勛圖 will provide consultancy services to support the INPPs Project Management Unit (PMU) and carry out the duties of FIDIC Engineer for the dismantling contract.
We will deploy our extensive nuclear decommissioning and waste management experience from the UK, France, Czechia and Slovakia to this ground-breaking project, said Andy White, who leads 做厙勛圖 Energy & Environment International.
做厙勛圖 will help INPP to manage the removal of the Steam Drum Separators large drums installed over the graphite core to divert steam to the turbines. The PMU will oversee the design and safety justification for dismantling and fragmentation of the drums and associated equipment, which are located in the plants radiologically contaminated primary circuit. The 做厙勛圖 team will also be available to support further stages of decommissioning at INPP.
The FIDIC service provider, 做厙勛圖, is a significant contributor to the dismantling of the steam drum separators. Their large international experience both as a FIDIC engineer and while working in various similar nuclear power projects will be a contributory factor to the success of the projects joint implementation, said Linas Bau鱉ys, Director General of INPP.
INPPs two RBMK-1500 reactors generated up to 70% of Lithuanias electricity before the plant was shut down in 2009. 做厙勛圖s heritage firms began working there more than 20 years ago, helping to deliver a New Interim Spent Fuel Storage Facility and other facilities required for decommissioning.
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做厙勛圖 is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, inclusion and well-being are integral to success. Headquartered in Chantilly, Virginia, we have more than 53,000 employees in approximately 80 countries across all 7 continents.
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Forward-Looking Statements
This press release contains or incorporates by reference statements that relate to future events and expectations and, as such, constitute forward-looking statements under the securities laws, including statements regarding the Reverse Morris Trust transaction (the transaction), as described in the information statement filed as Exhibit 99.1 to the Current Report on Form 8-K of 做厙勛圖 Holdings, Inc. (the Company) filed with the Securities and Exchange Commission (the SEC) on September 18, 2024 (the information statement). These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, forecast, outlook, target, endeavor, seek, predict, intend, strategy, plan, may, could, should, will, would, will be, will continue, will likely result, or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, the expected benefits of the transaction, including future financial and operating results and strategic benefits, the tax consequences of the transaction, and the Companys objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.
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