B&W Awarded Environmental Control Equipment Contract
25 Januar 2007 - 3:00PM
Business Wire
McDermott International, Inc. (NYSE:MDR) announced today that its
subsidiary, The Babcock & Wilcox Company (�B&W�), received
a contract in the fourth quarter of 2006 valued at more than $100
million from Public Service Company of New Mexico (�PNM�) to
design, supply and erect low nitrogen oxide (�NOx�) burners,
baghouses and related equipment for the utility�s San Juan
Generating Station in Waterflow, N.M. B&W�s contract includes
the supply of 42 DRB-4Z� low NOx burners, overfire air systems,
baghouses and ash handling systems, and activated carbon injection
systems for mercury control for Units 3 and 4 at the San Juan
Station. Units 3 and 4 are 550-megawatt boilers originally supplied
by B&W in 1980. In 1998, B&W modified a scrubber system
that had been provided by another supplier with a B&W limestone
forced oxidation flue gas desulfurization system. �We are extremely
pleased that PNM has once again demonstrated its confidence in our
technology, in our project team and in our construction
capabilities,� said David L. Keller, B&W president and chief
operating officer. �We look forward to another successful project
together and to helping PNM continue to meet its environmental
goals and serve its many customers in the region.� �This contract
allows us to add our latest retrofit low NOx burner design to San
Juan�s units,� added Brandon Bethards, B&W senior vice
president and general manager, Fossil Power Division. �With this
addition, and our previously installed scrubbers and other
environmental equipment, San Juan will be an outstanding model for
other plants looking to lower emissions of NOx, sulfur dioxide and
mercury.� Engineering is underway at B&W�s Barberton
headquarters. Babcock & Wilcox Construction Co., Inc. will
provide erection services. Unit 4 is scheduled to go into service
in the fall of 2007, with Unit 3 scheduled to go into service in
spring 2008. PNM is a subsidiary of PNM Resources, an energy
holding company based in Albuquerque, N.M. PNM provides electric
utility service to 426,000 customers and natural gas service to
481,000 customers in New Mexico. The company also sells power on
the wholesale market in the West. PNM Resources stock is traded
primarily on the NYSE under the symbol PNM. For more information,
see the company's Web site at PNM.com. The Babcock & Wilcox
Company is a subsidiary of McDermott International, Inc., a leading
worldwide energy services company. McDermott�s subsidiaries provide
engineering, construction, installation, procurement, research,
manufacturing, environmental systems, project management and
facility management services to a variety of customers in the
energy and power industries, including the U.S. Department of
Energy. Additional information on McDermott can be obtained at
www.mcdermott.com. In accordance with the Safe Harbor provisions of
the Private Securities Litigation Reform Act of 1995, McDermott
International, Inc. cautions that statements in this press release
which are forward-looking and provide other than historical
information involve risks and uncertainties that may impact
McDermott�s actual results of operations. The forward-looking
statements in this press release include, among other things, the
value, work scope and timing associated with the San Juan Station
project. Although McDermott�s management believes that the
expectations reflected in those forward-looking statements are
reasonable, McDermott can give no assurance that those expectations
will prove to have been correct. Those statements are made based on
various underlying assumptions and are subject to numerous
uncertainties and risks, including without limitation change orders
and other modifications to contracts. If one or more of these risks
materialize, or if underlying assumptions prove incorrect, actual
results may vary materially from those expected. For a more
complete discussion of these risk factors, please see McDermott�s
annual report on Form 10-K for the year ended December 31, 2005
filed with the Securities and Exchange Commission.
McDermott (NYSE:MDR)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
McDermott (NYSE:MDR)
Historical Stock Chart
Von Sep 2023 bis Sep 2024
Echtzeit-Nachrichten über McDermott International Inc (New York Börse): 0 Nachrichtenartikel
Weitere McDermott International, Inc. News-Artikel