CHARLOTTE, N.C.--(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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Source: Babcock & Wilcox Enterprises, Inc.