B&W to Supply CFB Boiler and Emissions Control Equipment for Great River Energy
16 May 2008 - 9:00PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (�McDermott�) announced
today that a subsidiary of The Babcock & Wilcox Company
(�B&W�) has been awarded a contract valued at more than $70
million to engineer and supply a circulating fluidized bed (�CFB�)
boiler and related emissions control equipment for Great River
Energy�s Spiritwood Station � a combined heat and power plant near
Spiritwood, North Dakota. In addition to the CFB boiler, B&W
will design and supply Spiritwood�s advanced air quality control
system, including a pulse jet fabric filter baghouse for
particulate control, a spray dry absorber flue gas desulfurization
system and a selective non-catalytic reduction system for nitrogen
oxides control. The CFB boiler will be designed to burn lignite
coal. �This is the first project B&W has done for Great River
Energy and it presents an outstanding opportunity to showcase our
well-established CFB and environmental systems technology and meet
the needs of our customer,� said Brandon Bethards, President of
B&W�s Power Generation Group. Engineering is underway at
B&W�s Barberton, Ohio facility and at Babcock & Wilcox
Beijing Company (�BWBC�) Ltd., B&W�s joint venture in Beijing,
China. B&W also will procure certain pressure parts for the
boiler from BWBC. Commercial operation of Spiritwood is scheduled
to begin in March 2010. 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, the
value, work scope and timing associated with the Spiritwood Station
contract. 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 potential
change orders to, other potential modifications to, and difficulty
in executing the 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, 2007
filed with the Securities and Exchange Commission.
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