B&W Subsidiary Awarded $170 Million Boiler and Environmental Contract for Denmark Waste-to-Energy Plant

CHARLOTTE, N.C.--()--The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that Babcock & Wilcox Vølund A/S (B&W Vølund), a Denmark-based subsidiary in its power generation segment, was awarded a contract worth more than $170 million to design and supply a waste-to-energy boiler, environmental controls and other equipment for the new Amager Bakke waste-to-energy power plant to be built near Copenhagen, Denmark. The plant will be jointly owned by five Copenhagen-area municipalities.

B&W Vølund’s scope includes the design and supply of the plant’s firing equipment, boiler, DynaGrate®, combustion- and energy-control system, slag and ash-handling equipment and environmental equipment, including an electrostatic precipitator (ESP) for the control of particulate emissions and a selective catalytic reduction system (SCR) for the control of nitrogen oxides (NOx).

“This is an exciting project that will be among the largest and most efficient plants of its type in Europe,” said J. Randall Data, Babcock & Wilcox Power Generation Group, Inc. President and Chief Operating Officer. “We’re thankful to the municipalities of Copenhagen, Dragør, Frederiksberg, Hvidovre and Tårnby for selecting a B&W company for this important project.”

The state-of-the-art plant will be designed with two fuel lines, and a total combustion capacity of 70 tons of municipal solid waste per hour. The plant’s owners estimate it will reduce carbon dioxide (CO2) emissions by approximately 107,000 tons annually, compared to a traditional coal-fired plant.

The facility is planned to be completed in spring 2016 with the first line to be commissioned in late 2016.

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 12,000 people, in addition to approximately 10,000 joint venture employees. Learn more at www.babcock.com.

Cautionary Statement Regarding Forward Looking Statements

B&W cautions that this release contains forward-looking statements, including statements relating to the scope, timing and value, to the extent value may be viewed as an indicator of future revenues, of the boiler and environmental contract. These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties executing contracts and adverse modifications to contracts in backlog, including termination. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2011. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

Contacts

The Babcock & Wilcox Company
Media Contact:
Ryan Cornell, 330-860-1345
Public Relations Specialist
rscornell@babcock.com
or
Investor Contact:
Jenny Apker, 704-625-4937
Vice President, Treasurer and Investor Relations
investors@babcock.com

Release Summary

Babcock & Wilcox Vølund was awarded a contract worth more than $170 million to design and supply a waste-to-energy steam system and environmental controls for a power plant near Copenhagen, Denmark.

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Contacts

The Babcock & Wilcox Company
Media Contact:
Ryan Cornell, 330-860-1345
Public Relations Specialist
rscornell@babcock.com
or
Investor Contact:
Jenny Apker, 704-625-4937
Vice President, Treasurer and Investor Relations
investors@babcock.com