B&W Awarded $90 Million Contract For U.K. Waste-to-Energy Power Plant Project
January 26 2016 - 8:30AM
Business Wire
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW)
announced today that its Denmark-based subsidiary, Babcock &
Wilcox Vølund A/S, has been awarded a contract for more than $90
million to design, manufacture and build a waste-to-energy power
plant near Haresfield, Gloucestershire, United Kingdom.
B&W Vølund was awarded the contract by a joint venture of
Urbaser and Balfour Beatty.
The facility will treat municipal and commercial and industrial
waste to supply 14.5 MW of electricity, enough to power the
equivalent of 25,000 homes. B&W Vølund’s scope includes the
plant’s combustion system and air-cooled DynaGrate®, fuel handling
equipment, steam boiler island, steam turbine-generator, water
treatment system, piping, valves and air systems, burners and other
plant equipment.
“B&W has installed more than 500 waste-to-energy and biomass
units around the world,” said B&W Global Power Division Sr.
Vice President Paul Scavuzzo. “We’re grateful that our customer
recognized our experience and reputation for quality when they
selected us for this important clean energy project.”
Engineering work for the project is underway. The plant is
scheduled to come online in 2019.
About B&W
Headquartered in Charlotte, N.C., Babcock & Wilcox is a
global leader in energy and environmental technologies and services
for the power and industrial markets. B&W companies employ
approximately 6,000 people around the world. Follow us on Twitter
@BabcockWilcox and learn more at www.babcock.com.
Cautionary Statement Regarding Forward Looking
Statements
B&W cautions that this release contains forward-looking
statements, including statements relating to the scope, timing and
value, to the extent value may be viewed as an indicator of future
revenues, of the Gloucester contract. These forward-looking
statements involve a number of risks and uncertainties, including,
among other things, delays or other difficulties executing the
Gloucester contract and adverse modifications to the contract,
including termination. If one or more of these or other risks
materialize, actual results may vary materially from those
expressed. For a more complete discussion of these and other risk
factors, please see B&W's filings with the Securities and
Exchange Commission, including the information statement on Form 10
and subsequent reports on Form 10-Q. B&W cautions not to place
undue reliance on these forward-looking statements, which speak
only as of the date this release, and undertakes no obligation to
update or revise any forward-looking statement, except to the
extent required by applicable law.
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version on businesswire.com: http://www.businesswire.com/news/home/20160126005854/en/
Media Contact:Babcock & WilcoxRyan Cornell,
330-860-1345Public Relationsrscornell@babcock.comorInvestor
Contact:Babcock & WilcoxLeslie Kass, 704-625-4944Vice
President, Investor Relations and
Communicationsinvestors@babcock.com
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