B&W Subsidiary Awarded $40 Million Contract to Design Boiler for World’s Largest Waste Power Plant in China
November 29 2016 - 4:30PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161129006294/en/
Investors:Babcock & WilcoxJude BroussardVice
President, Investor
Relations704-625-4944investors@babcock.comorMedia:Babcock
& WilcoxRyan CornellPublic
Relations330-860-1345rscornell@babcock.com
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