Cleco and Shaw Among Global Awards Finalists for Construction of Madison 3
October 15 2010 - 11:15AM
Marketwired
Cleco Power's (Cleco) new multi-fuel power generator, Madison 3, is
included as a finalist in the category of Construction Project of
the Year in the annual Platts Global Energy Awards. Madison 3 is
located near Boyce and went into service in February.
A panel of international industry experts chose the finalists,
which are considered best-in-class performers in the energy
industry.
Built by The Shaw Group Inc., the project's Engineering,
Procurement and Construction contractor, Madison 3 is among the
largest circulating fluidized-bed units in the world. This
technology allows the two 330-megawatt boilers to use a wide range
of solid fuels to generate electricity, providing Cleco greater
fuel flexibility and the capability to use biomass. The company is
currently generating power using petroleum coke, a waste product
from the oil refining industry.
"To garner recognition from international experts through the
Platts Global Energy Awards is huge for our company," said Mike
Madison, president and CEO of Cleco Corp. "We are honored to be
among the other companies considered as finalists. This is
certainly a list of who's who in our industry."
Other Construction of the Year finalists include First Energy,
Bechtel Power Corporation, Plum Point Power Partners, Florida Power
& Light, URS Corp, Constellation Energy, Allegheny Energy,
Detroit Edison and Salt River Project.
"The Platts Award recognizes excellence in leadership,
innovation and performance in the global energy industry," said
Clarence Ray, chief executive officer of Shaw's Power Group.
"Naming Madison 3 as a finalist further solidifies the project as a
skillful use of the most advanced clean-coal technology in the
industry."
Finalists in all of the 17 categories are invited to attend an
awards celebration to announce winners Dec. 2 in New York City.
Cleco Corp. (NYSE: CNL) is a regional energy company
headquartered in Pineville, La. It operates a regulated electric
utility company, Cleco Power LLC, which serves about 277,000 retail
customers across Louisiana. Cleco also operates a wholesale energy
business, Cleco Midstream Resources LLC, which includes the pending
sale of Acadia Power Station Unit 2. This year marks the 75th
anniversary of Cleco Power serving Louisiana customers. For more
information about Cleco, visit www.cleco.com.
The Shaw Group Inc. (NYSE: SHAW) is a leading global provider of
engineering, construction, technology, fabrication, remediation and
support services for clients in the energy, chemicals,
environmental, infrastructure and emergency response industries. A
Fortune 500 company with fiscal year 2009 annual revenues of $7.3
billion, Shaw has approximately 28,000 employees around the world
and is the power sector industry leader according to Engineering
News-Record's list of Top 500 Design Firms.
Media Contact: Cleco Corp. Robbyn Cooper (318)
484-7136
Cleco (NYSE:CNL)
Historical Stock Chart
From May 2024 to Jun 2024
Cleco (NYSE:CNL)
Historical Stock Chart
From Jun 2023 to Jun 2024