The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its
subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has
been awarded a contract worth more than $40 million to design, supply
and install boiler pressure parts and an overfire air system, as well as
perform boiler reinforcement, for the Big Stone power plant in South
Dakota operated by Otter Tail Power Company.
B&W PGG also will make improvements to the 450 megawatt coal-fired power
plant’s boiler to help it withstand the rigors of a new air quality
control system. Enhancements to the plant’s overfire air system are
designed to help Big Stone achieve lower nitrogen oxides (NOx)
emissions while reducing the cost to operate the plant’s selective
catalytic reduction system (SCR).
B&W PGG President and Chief Operating Officer J. Randall Data expressed
the company’s appreciation for B&W PGG being selected for the project.
“I’d like to thank Otter Tail Power Company for choosing B&W PGG for the
Big Stone project,” Data said. “B&W PGG’s boiler expertise allows it to
help customers across the United States maximize plant efficiency and
meet new, more stringent state and federal environmental regulations.”
About B&W
Headquartered 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 12,700 people, in addition
to approximately 10,400 joint venture employees. Learn more at www.babcock.com.
Cautionary Statement Regarding 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
Big Stone project. These forward-looking statements involve a
number of risks and uncertainties, including, among other things, delays
or other difficulties executing contracts 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, 2011. B&W cautions not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof, and
undertakes no obligation to update or revise any forward-looking
statement, except to the extent required by applicable law.
