Babcock & Wilcox Receives Full Notice to Proceed on $246 Million Contract for Indiana Power Plant Coal-to-Gas Fuel-Switching Project
Babcock & Wilcox Enterprises, Inc. (BW)
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm
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Source: Business Wire
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal business segment has received full notice to proceed under an agreement for a coal-to-natural gas conversion project at AES Indiana’s Petersburg Generating Station valued at approximately $246 million.B&W previously announced that it had received a limited notice to proceed for this project, with the full notice to proceed expected in the fourth quarter 2024. This project will help AES Indiana phase out the use of coal and reduce carbon dioxide emissions by converting the 1,160-megawatt Petersburg plant’s two coal-fired boilers to use natural gas as fuel.The B&W Thermal business will design and install the plant’s new natural gas system, air systems and other equipment while Babcock & Wilcox Construction Co., LLC, (BWCC) will perform the construction portion of the project. B&W subsidiary Babcock & Wilcox FPS, Inc. (FPS) will supply burners, ignitors, controls and other technologie
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