CHARLOTTE, N.C.--(BUSINESS WIRE)--
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that
a joint venture including its Denmark-based subsidiary, Babcock & Wilcox
Vølund A/S, has been awarded a contract to design and build the Teesside
Renewable Energy Plant near Middlesbrough, England. B&W Vølund also was
awarded a separate contract to provide operations and maintenance
services for the plant. B&W’s portions of the two contracts total more
than $190 million.
B&W Vølund, through its U.K. subsidiary and a joint venture with Lagan
Construction Group Limited, has contracted with developers Eco2 Ltd. and
Temporis Capital to build the 40 megawatt waste wood fired biomass power
plant for Port Clarence Energy Ltd.
The project scope includes a boiler and environmental controls designed
by B&W Vølund and its Götaverken Miljö AB subsidiary, including a dry
flue gas desulfurization system (dry FGD), fabric filter baghouse,
continuous emissions monitoring equipment and a DynaGrate®
fuel combustion system. The plant is designed to burn 34 tons of waste
wood per hour.
“The Teesside Renewable Energy Plant will provide clean, sustainable
energy for the local community, and we’re pleased B&W Vølund’s
technology and expertise were chosen for the project,” said B&W Global
Power Division Sr. Vice President Paul Scavuzzo. “With more than 500
biomass and waste-to-energy units installed worldwide and O&M
experience, we bring unmatched capabilities to this important project.”
Project engineering is currently underway and construction is scheduled
for completion in the first quarter of 2018. B&W Vølund will operate the
plant under a 15-year contract.
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
Teesside contracts. These forward-looking statements involve a
number of risks and uncertainties, including, among other things, delays
or other difficulties executing the Teesside contracts and adverse
modifications to the contracts, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150921005662/en/
Source: Babcock & Wilcox Enterprises, Inc.