B&W to Supply Waste-to-Energy Boiler for Plant in Sweden
06 Mai 2010 - 2:30PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott”),
announced today that one of its subsidiaries, Babcock & Wilcox
Vølund A/S (“B&W”), was recently awarded a contract worth
approximately $70 million to design and supply a waste-to-energy
boiler for a new power plant in Sweden. The value of this project
will be included in McDermott’s Power Generation Systems segment
backlog for the first quarter of 2010.
The plant, located in Helsingborg, Sweden, will be a greenfield
67 megawatt combined heat and power unit capable of burning
approximately 220,000 tons of waste per year. The customer,
Öresundskraft AB, is wholly owned by the Helsingborg municipality.
Project scope includes a combustion system, steam boiler,
electrical, control and monitoring systems.
“European Union regulations limiting the disposal of burnable
waste in landfills, combined with a growing need for power
generation capacity, have created demand for B&W’s
waste-to-energy solutions,” said Richard L. Killion, President and
Chief Operating Officer of Babcock & Wilcox Power Generation
Group, Inc. “We can meet that demand with an advanced
waste-to-energy boiler, which not only meets our customers’ needs
but also provides residents with an environmentally friendly
solution to their heating and power needs.”
Engineering is currently underway at B&W’s offices in
Denmark. The project is scheduled for completion in early 2013.
McDermott is an engineering and construction company, with
specialty manufacturing and service capabilities, focused on energy
infrastructure. McDermott’s customers are predominantly utilities
and other power generators, major and national oil companies, and
the United States Government. With its global operations, McDermott
operates in over 20 countries with more than 25,000 employees.
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 expected value, scope,
execution, and timing associated with this 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, changes in project design or
schedules, contract cancellations, change orders and other
modifications, and difficulties executing on the project. 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 and other risk factors,
please see McDermott’s annual report on Form 10-K for the year
ended December 31, 2009.
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