B&W Awarded Contract to Supply and Construct Environmental Control Equipment
May 03 2007 - 3:05PM
Business Wire
McDermott International, Inc. (NYSE:MDR) announced today that its
subsidiary, The Babcock & Wilcox Company (�B&W�), has
received a contract for engineering, materials, construction,
start-up and commissioning of environmental equipment at Allegheny
Energy�s Fort Martin Power Station near Maidsville, West Virginia.
This contract will be included in B&W�s second-quarter 2007
bookings. For its share of the plant�s total $550 million project,
B&W will perform work on Fort Martin�s two 550-megawatt
supercritical coal-fired boilers -- Unit 1, started up in 1967, and
Unit 2, originally supplied by B&W in 1968. B&W will supply
wet flue-gas desulfurization (�WFGD�) systems, commonly called
scrubbers, for each unit including absorber areas and a common
reagent preparation and dewatering system. B&W�s advanced WFGD
systems operate by mixing a limestone slurry (reagent) with flue
gas generated from the combustion of fossil fuel in large steam
generators. B&W�s WFGD system features include B&W�s
uniquely designed absorber module and B&W�s patented flue gas
distribution tray, which in combination are capable of achieving
greater than 95 percent sulfur dioxide (�SO2�) removal from plant
emissions. �B&W has a long-standing reputation as a leader in
generating proven, reliable environmental solutions for the power
industry,� said Brandon C. Bethards, president of B&W�s Fossil
Power Group. �We�ve had a presence at the Fort Martin plant from
its beginning, and this new order represents this customer�s
continued trust in B&W�s technology and capabilities.�
Engineering for the project is underway at B&W�s Barberton
headquarters. Mechanical completion of the units is slated for
early spring of 2009, with start-up scheduled for the early fall of
2009. B&W is also performing similar work at Allegheny Energy�s
Hatfield�s Ferry Power Station, located in Masontown, Pennsylvania.
The WFGD systems being installed on Hatfield�s Ferry�s three units
are on schedule for completion in fall 2008. Headquartered in
Greensburg, Pennsylvania, Allegheny Energy is an investor-owned
electric utility with total annual revenues of over $3 billion and
more than 4,000 employees. The company owns and operates generating
facilities and delivers low-cost, reliable electric service to over
1.5 million customers in Pennsylvania, West Virginia, Maryland and
Virginia. For more information, visit our Web site at
www.alleghenyenergy.com. 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 20,000 employees, and can be found on the internet
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, work
scope and timing associated with the Fort Martin Power 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, 2006
filed with the Securities and Exchange Commission.
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