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Shaw Group Insists Nuclear Power Fears Over Japan Will Not Affect Business

Shaw Group, Inc., a builder of nuclear power plants, released a statement on 14th March 2011 claiming that business continues as usual and that there is no anticipated impact on the company’s scheduled contracts following the major worldwide concerns over the Fukushimi Daiichi and Fukushima Daini plants in Japan which are struggling to restore safety systems after a major earthquake and tsunami.

J.M. Bernhard Jr., Shaw’s chairman, president and chief executive officer said:

“While it is premature to speculate on any impact the events in Japan may have on the U.S. nuclear industry, we continue to believe in the importance of nuclear energy and the role it will play in the future of our country, as well as the rest of the world. The new generation technology under construction today has been designed with greater safety systems in place that will even more effectively address the challenges we are seeing in Japan. The industry consistently incorporates operating experience and lessons learned and will continue to use those insights to make nuclear energy even safer.

“At this time, we do not believe there will be an impact on Shaw’s nuclear projects currently under construction in the United States and China. Our customers have indicated they intend to move forward, and we believe the construction timelines will continue as planned.”

Sha Group Inc. has annual revenues of $7 billion and approximately 27,000 employees worldwide.

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Editors and staff from the Business Desk at The Global Herald.

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