CB&I Announces Award For 671-Megawatt Combined-Cycle Gas Turbine Power Station

The Woodlands, TX /PRNewswire/ - CB&I (NYSE: CBI) today announced it has been awarded a contract by AES Corporation subsidiary Indianapolis Power & Light Company valued at more than$500 million for the engineering, procurement and construction (EPC) of a combined-cycle gas turbine power station near Martinsville, Indiana. The 671-megawatt unit will be built adjacent to the existing Eagle Valley station.

"This award continues CB&I's history of successful combined-cycle gas turbine EPC projects and exemplifies CB&I's expertise in helping Indianapolis Power & Light Company meet the growing demand for clean, affordable and reliable energy," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group.

About CB&I
CB&I (NYSE: CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 55,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.

Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2013, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.