B&W Awarded $18 Million Contract For Power Plant Reheater Replacement
February 12 2016 - 7:30AM
Business Wire
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today
its subsidiary, The Babcock & Wilcox Company (B&W), has
been awarded a contract for more than $18 million to engineer,
manufacture and install a replacement reheater at Xcel Energy’s
Pawnee Generating Station near Brush, Colo.
The components, which include horizontal and vertical reheater
banks, will be manufactured in B&W’s Monterrey, Mexico facility
and are scheduled for delivery in February.
“Xcel Energy is a long-time B&W customer, and we value our
strong professional relationship,” said B&W Global Services
Division Sr. Vice President Mark Low. “We believe our technically
advanced design will offer a significant improvement in the
operation of the unit.
“We appreciate the confidence Xcel Energy has shown in B&W
and our service capabilities,” Low said.
The B&W reheater also features redesigned wall attachments
that will facilitate simpler and faster installation. Start-up of
the 500 megawatt Pawnee Unit 1 is scheduled for May 2016.
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 Xcel Energy contract. These forward-looking
statements involve a number of risks and uncertainties, including,
among other things, delays or other difficulties executing the Xcel
Energy 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/20160212005053/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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