B&W Awarded $80 Million Contract to Supply Boiler to Philippines Power Plant

CHARLOTTE, N.C. -- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced its subsidiary, The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $80 million to design and manufacture a highly efficient, supercritical boiler and other components for the Masinloc Thermal Power Plant expansion project in Zambales Province, Philippines. B&W will engineer and supply the coal-fired boiler to its customer, POSCO Engineering and Construction Co. Ltd., the South Korea-based lead contractor for the power plant owner, Masinloc Power Partners Co. Ltd.

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B&W’s scope includes the supply of one 300 megawatt Spiral Wound Universal Pressure (SWUPTM) supercritical boiler and auxiliary equipment.

“Reliable baseload power is a critical component to the success of a growing economy such as the Philippines,” said B&W Global Power Division Sr. Vice President Paul Scavuzzo. “We recognize the importance of this project and are proud to have been chosen to supply a boiler that will provide clean, efficient and affordable energy to the residents of Zambales Province.”

B&W intends to perform engineering, procurement and fabrication activities at its joint venture facility, Thermax Babcock & Wilcox Energy Solutions Private Limited, in Pune, India.

Project completion is scheduled for Spring 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 6,000 people around the world. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.