B&W Vølund Awarded Contracts for More Than $220 Million

CHARLOTTE, N.C. -- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, has been awarded contracts totaling more than $220 million to design, manufacture  and operate a biomass power plant in Rotherham, South Yorkshire, England. B&W Vølund’s consortium partner, Interserve Strategic Projects, will construct the plant for the developer, Copenhagen Infrastructure Partners.

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The Rotherham Biomass Plant will feature a B&W Vølund-designed multi-fuel boiler with a DynaGrate® fuel combustion system, a dry flue gas desulfurization system (dry FGD) and will burn waste wood to generate approximately 40 megawatts of electricity.

The contracts also call for B&W Vølund to provide operations and maintenance services for an initial term of 15 years once the plant is commissioned.

“We greatly appreciate the confidence Copenhagen Infrastructure Partners has shown in B&W and this consortium and look forward to executing this project,” said Paul Scavuzzo, B&W Senior Vice President and General Manager, Global Power Division. “The market for biomass power and waste-to-energy technologies in Europe continues to be strong, and B&W is well-positioned to meet the demand for reliable, clean energy solutions. This is B&W’s fourth major renewable energy project announced in the European market in the last seven months.”

The project was booked in the first quarter of 2015 and B&W Vølund has received a full notice to proceed with its work. Plant completion is scheduled for third quarter of 2017.

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 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.