B&W Subsidiary Awarded $35 Million Contract For Boiler For Sweden Waste to Energy Plant
December 21 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 (B&W Vølund), has been awarded a contract for
approximately $35 million to design, supply and construct a
waste-to-energy boiler for a combined heat and power plant in
Boden, Sweden.
B&W Vølund’s customer, Bodens Energi AB (BEAB), is a
municipally owned producer and distributor of electricity and
heating. The boiler, featuring a DynaGrate® combustion grate system
and with a thermal capacity of 35 megawatts, will be added to
BEAB’s existing plant and will supply steam for power generation
and district heating. B&W Vølund completed the existing Boden
facility in 2008.
“We thank BEAB for once again selecting B&W Vølund for an
important infrastructure project such as this,” said Jimmy Morgan,
senior vice president of B&W’s Renewable business segment.
“Waste-to-energy continues to be a proven, clean and reliable
technology to address the energy and waste disposal needs of our
customers in Europe, and we’re pleased to supply some of the most
advanced technologies in the industry.”
The new waste line and boiler will be capable of handling up to
13 tons of municipal solid waste per hour and is scheduled for
completion in April 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 5,700 people around the world. Follow us on Twitter
@BabcockWilcox and learn more at www.babcock.com.
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 BEAB contract. These forward-looking statements
involve a number of risks and uncertainties, including, among other
things, delays or other difficulties executing the BEAB 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 our
most recent annual report on Form 10-K and subsequent quarterly
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/20161221005067/en/
Babcock & WilcoxInvestors:Jude BroussardVice
President, Investor
Relations704-625-4944investors@babcock.comorMedia:Ryan
CornellPublic Relations330-860-1345rscornell@babcock.com
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