B&W Vølund Signs $80 Million Contract to Build Biomass Power Plant in Denmark
July 23 2014 - 8:30AM
Business Wire
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced
today that Babcock & Wilcox Vølund A/S (B&W Vølund), a
subsidiary of Babcock & Wilcox Power Generation Group, Inc.
(B&W PGG), has been awarded a contract for more than $80
million to build a 280 megawatt-thermal (MWth) biomass boiler
system for the Skærbækværket power plant near Fredericia,
Denmark.
The plant, owned by DONG Energy Thermal Power A/S, will consist
of two 140 MW biomass-fired boilers used to supply district heating
and power to residents in the region. The boilers will be fueled
primarily by wood chips, as well as other biomass residue.
B&W Vølund’s scope consists of the design, manufacture,
supply, construction and commissioning of the plant’s boiler
system. The contract was booked in the second quarter of 2014.
“This project reflects B&W’s ongoing strategic effort to
deploy its clean energy, biomass and waste-to-energy technologies
globally,” said B&W PGG President and Chief Operating Officer
J. Randall Data. “B&W Vølund is a leader in the clean energy
technology sphere and its steam generators offer economical and
efficient solutions for our customers’ needs to comply with
challenging emissions regulations.
“We appreciate this opportunity to serve our customer, DONG
Energy,” Data said.
In the last decade, B&W Vølund has contracted to build
approximately 40 waste-to-energy plants and more than a dozen
biomass energy plants utilizing a wide variety of renewable and
waste fuels in Asia and Europe.
B&W Vølund will soon begin engineering and design work for
the Skærbækværket project. The plant is scheduled for completion in
April 2017.
About B&WHeadquartered 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 11,000 people, in addition to joint venture
employees located at projects throughout the U.S. Learn more at
www.babcock.com.
About B&W VølundBabcock & Wilcox Vølund A/S
designs, engineers and supplies advanced biofuel and waste-fired
steam generation systems for commercial power, heating and
industrial uses. Based in Esbjerg, Denmark, B&W Vølund provides
high-efficiency, low-emissions technologies to customers around the
world, and is a wholly owned subsidiary of Babcock & Wilcox
Power Generation Group, Inc.
Cautionary Statement Regarding Forward Looking
StatementsB&W cautions that this release contains
forward-looking statements, including statements relating to the
scope and value, to the extent either can be viewed as an indicator
of future revenues, of the biomass boiler contract. These
forward-looking statements involve a number of risks and
uncertainties, including, among other things, modification or
termination of the contract and delays or other difficulties in
executing the contract. 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, 2013 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 of 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 CompanyMedia Contact:Ryan
Cornell, 330-860-1345Media
Relationsrscornell@babcock.comorInvestor Contact:Jenny
Apker, 704-625-4937Vice President, Treasurer and Investor
Relationsinvestors@babcock.com