CHARLOTTE, N.C.--(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 nearly $40 million to design a
waste-to-energy boiler for Shenzhen Energy Environmental Engineering Co.
Ltd. in Shenzhen, Guangdong Province, China.
When complete, the plant will provide a long-term, proven waste
management solution for the region while generating clean, renewable
energy. Fueled by up to 5,600 tons of municipal waste a day, the plant
will be the largest waste-to-energy facility in the world. B&W Vølund
will supply equipment, including a DynaGrate®
combustion grate system, hydraulics, burners and other boiler components
for the 168 megawatt plant. B&W Vølund will also provide construction
advisors for the combined heat and power project.
“The demand for reliable and clean renewable energy is growing in China
and throughout much of Asia,” said Paul Scavuzzo, senior vice president,
B&W Renewable. “We thank Shenzhen Energy for choosing B&W Vølund to
provide state-of-the art technology for this plant.”
The circular Shenzhen plant will be built with sustainability in mind
and will incorporate rooftop solar panels, a visitor education center
and an observation platform into its architectural design. It also
represents the first time B&W Vølund has deployed its advanced
DynaGrate® technology in China.
The plant is scheduled to begin commercial operation in mid-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
Shenzhen contract. These forward-looking statements involve a
number of risks and uncertainties, including, among other things, delays
or other difficulties executing the Shenzhen 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161129006294/en/
Source: Babcock & Wilcox Enterprises, Inc.