B&W to Supply Supercritical Boiler for Vietnam Power Plant
January 20 2015 - 8:30AM
Business Wire
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced
today that its subsidiary, Babcock & Wilcox Power Generation
Group, Inc. (B&W PGG), has been chosen to design and
manufacture a supercritical coal-fired boiler and selective
catalytic reduction system (SCR) for the Duyen Hai 3 Extension
power plant in Vietnam.
The selection was made by Japanese prime contractor Sumitomo
Corporation, which will build the 688 megawatt plant for its
customer, Power Generation Corporation 1, a subsidiary of
Electricity Vietnam (EVN).
“We are delighted that Sumitomo Corporation and EVN have
selected us for this important project,” said Elias Gedeon, Senior
Vice President and Chief Business Development Officer, B&W.
“This is B&W’s sixth steam generator in Vietnam and we are
pleased to contribute to the nation’s energy needs.
“Demand for affordable, reliable and efficient boilers,
especially in Asia, is robust,” Gedeon said. “We’re pursuing more
opportunities leveraging the cost efficiencies of our global
execution capabilities and our long history and reputation serving
customers worldwide.”
B&W has received a full notice to proceed and the project
was booked in the fourth quarter of 2014. Engineering is
underway and the plant is scheduled for commercial operation in mid
2018.
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 11,600 people, in addition to joint venture
employees located at projects around the world. Follow us on
Twitter @BabcockWilcox and learn more at www.babcock.com.
Cautionary Statement Regarding Forward Looking
StatementsB&W cautions that this release contains
forward-looking statements, including statements relating to the
scope and timing, to the extent either may be viewed as an
indicator of future revenues, of B&W PGG’s role in the design
and manufacture of the supercritical coal-fired boiler and SCR.
These forward-looking statements involve a number of risks and
uncertainties, including, among other things, delays or other
difficulties in contract negotiation and adverse modifications to
contracts in backlog, 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 its annual report on
Form 10-K for the year ended December 31, 2013 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.
The Babcock & Wilcox CompanyMedia Contact:Ryan
Cornell, Media Relations,
330-860-1345rscornell@babcock.comorInvestor Contact:Jenny
Apker, Vice President, Treasurer and Investor Relations,
704-625-4937investors@babcock.com