B&W Subsidiary Wins Power Plant Installation Project
March 11 2020 - 4:30PM
Business Wire
- Activities are second phase of a multi-year plant maintenance
project.
- B&W previously contracted to supply boiler equipment and
other plant components.
Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W)
announced today that its subsidiary, Babcock & Wilcox
Construction Co., LLC (BWCC), has been awarded a project valued at
more than $65 million to install B&W-designed and engineered
components for a power plant in North America.
“B&W and its subsidiaries are well-positioned to supply
construction services and engineering expertise to help our
customers maintain their power plants, which will remain critical
components of North America’s energy infrastructure for years to
come,” said B&W Chief Executive Officer Kenneth Young. “As the
most-experienced power plant service provider in the world, B&W
is committed to using our expertise to deliver
environmentally-conscious solutions to provide safe, reliable and
cost-efficient power for our customers and the communities they
serve.”
“BWCC’s extensive experience with site supervision and project
execution on a wide range of jobs of all sizes gives us the depth
of knowledge and responsiveness needed to proactively manage risks
and safely deliver construction solutions for our customers,” Jimmy
Morgan, Senior Vice President of The Babcock & Wilcox Company,
added. “We’re honored by the trust they place in us and look
forward to executing this project safely and effectively.”
BWCC is a single-source turnkey supplier of a full range of
field construction, construction management and maintenance
services for a wide range of projects — from large, complex
projects to small, unanticipated quick-turnaround repair needs.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global
leader in energy and environmental technologies and services for
the power and industrial markets. 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, without limitation, statements relating to
the execution and completion of the order awarded to BWCC to
perform installation of components at a North American power plant.
These forward-looking statements are based on management’s current
expectations and involve a number of risks and uncertainties. For a
more complete discussion of these risk factors, see our filings
with the Securities and Exchange Commission, including our most
recent annual report on Form 10-K. If one or more of these risks or
other risks materialize, actual results may vary materially from
those expressed. We caution readers not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this release, and we undertake 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: https://www.businesswire.com/news/home/20200311005759/en/
Investor Contact: Megan Wilson Vice President, Corporate
Development & Investor Relations Babcock & Wilcox
704.625.4944 | investors@babcock.com
Media Contact: Ryan Cornell Public Relations Babcock
& Wilcox 330.860.1345 | rscornell@babcock.com
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