Babcock & Wilcox Construction Co., LLC Awarded $25 Million Contract for Outage and Maintenance Services at U.S. Power Plant
August 02 2024 - 6:30AM
Business Wire
Babcock & Wilcox (B&W) (NYSE: BW) announced today that
Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded
a $25 million contract for boiler upgrades, pressure part
replacements and other outage and maintenance services at a U.S.
thermal power plant.
BWCC will execute the work during the plant’s Fall 2024
outage.
“The coal power fleet provides approximately 20 percent of
electrical power in the U.S. and is a critical source of baseload
energy,” said BWCC Vice President and General Manager Mike Hidas.
“BWCC is focused on ensuring the nation’s energy security as we
help our customers keep their baseload generating assets operating
reliably and at peak efficiency.”
“Our experienced team has the knowledge and responsiveness
necessary to safely deliver a full range of field construction,
construction management and maintenance services for any size
facility,” Hidas said.
BWCC operates numerous regional construction offices across the
U.S. and Canada, allowing it to quickly respond to customer
requests and efficiently and effectively manage projects.
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
an outage and maintenance services contract for a power plant in
the United States. 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/20240802168551/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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