Babcock & Wilcox Canada Corp. Awarded Nearly $11 Million Power Plant Maintenance Contract
October 04 2023 - 6:30AM
Business Wire
Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW)
announced today that its Canadian subsidiary, Babcock & Wilcox
Canada Corp. (“B&W Canada”), has been awarded a multi-year
utility plant maintenance contract from Newfoundland and Labrador
Hydro for its Holyrood Thermal Generating Station in Newfoundland,
Canada, valued at nearly $11 million with customer options for
additional work.
The company will manage and execute maintenance services for the
500-megawatt oil-fired power plant’s boilers and boiler auxiliary
equipment, including annual standard maintenance as well as capital
projects for the plant’s units over the next three years.
“We thank Newfoundland and Labrador Hydro for choosing B&W
Canada to provide maintenance and support for their plant, which
provides energy for thousands of residents in the region,” said
Mike Hidas, Vice President and General Manager, B&W Canada. “We
look forward to working with the Boilermakers, Pipefitters and
other union workers who will be employed over the duration of this
contract. We value our strong relationship with these and other
labor unions, as well as their commitment to safety and excellent
workmanship.”
B&W has extensive experience with all aspects of plant
construction and maintenance – from large, complex projects, to
small, quick-turnaround repairs and long-term plant maintenance
services – and can provide solutions for any size facility anywhere
in North America.
It also prioritizes safety in every project, in addition to
efficiency and meeting customers’ needs with outstanding
construction planning, execution and performance.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises,
Inc. is a leader in energy and environmental products and services
for power and industrial markets worldwide. Follow us on LinkedIn
and learn more at babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to a
contract to provide plant maintenance services for a power plant in
Canada. These forward-looking statements are based on management’s
current expectations and involve a number of risks and
uncertainties. For a more complete discussion of these risk
factors, see our filings with the Securities and Exchange
Commission, including our most recent annual report on Form 10-K.
If one or more of these risks or other risks materialize, actual
results may vary materially from those expressed. We caution
readers not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release, and we
undertake 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: https://www.businesswire.com/news/home/20231004700032/en/
Investor Contact: Investor Relations Babcock & Wilcox
704.625.4944 investors@babcock.com
Media Contact: Ryan Cornell Public Relations Babcock
& Wilcox 330.860.1345 rscornell@babcock.com
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