B&W Awarded Contract For U.K. Waste-to-Energy Plant
CHARLOTTE, N.C. -- February 13, 2013
The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its
Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), and
consortium partner Interserve Plc. were awarded a contract worth approximately
$100 million to design and build a waste-to-energy power plant for waste
management firm Viridor in Peterborough, United Kingdom.
The plant will be capable of processing 85,000 tons of municipal solid waste
per year to produce electricity. The plant will be designed for combined heat
and power purposes, and will be capable of providing steam for district
heating purposes in the future.
B&W Vølund will engineer and deliver the plant’s electromechanical supplies
including combustion system, fuel grate, boiler, environmental control,
turbine and generator and other equipment. Interserve will provide
construction and project management services.
“B&W Vølund is well-positioned to capitalize on the anticipated growth of the
waste-to-energy market in the U.K., as municipalities seek to comply with
emissions regulations and reduce the volume of waste sent to landfills,” said
J. Randall Data, Babcock & Wilcox Power Generation Group, Inc. President and
Chief Operating Officer. “We’re appreciative of Viridor’s decision to select
B&W Vølund and Interserve for this project.”
Project engineering is underway. The plant is scheduled to be operational in
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in
clean energy technology and services, primarily for the nuclear, fossil and
renewable power markets, as well as a premier advanced technology and mission
critical defense contractor. B&W has locations worldwide and employs
approximately 12,700 people, in addition to approximately 10,400 joint venture
employees. Learn more at www.babcock.com.
About B&W Vølund
Babcock & Wilcox Vølund is among the world's leading suppliers of knowledge,
technologies and equipment for incineration of waste and biomass. The
company’s expertise is within development and design to sales, construction
and commissioning of complete energy-producing facilities. B&W Vølund is
wholly owned by The Babcock & Wilcox Company.
Cautionary Statement Regarding Forward Looking Statements
B&W cautions that this release contains forward-looking statements, including
statements relating to the anticipated growth of the waste-to-energy market in
the United Kingdom and the scope, timing and value, to the extent value may be
viewed as an indicator of future revenues, of the contract to design and build
the waste-to-energy power plant. These forward-looking statements involve a
number of risks and uncertainties, including, among other things, delays or
other difficulties executing contracts in backlog and changes in the
competitiveness of energy sources. 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
annual report on Form 10-K for the year ended December 31, 2011 and subsequent
quarterly reports on Form 10-Q filed with the Securities and Exchange
Commission. 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.
The Babcock & Wilcox Company
Ryan Cornell, Public Relations Specialist, 330-860-1345
Jenny L. Apker, Vice President, Treasurer and Investor Relations, 704-625-4937
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