Babcock & Wilcox Signs Agreement for Power Plant Fuel-Switching Project Valued at Approximately $246 Million
Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal business segment has signed an agreement valued at approximately $246 million for a gas conversion project for a power plant in North America.
- Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal business segment has signed an agreement valued at approximately $246 million for a gas conversion project for a power plant in North America.
- Under the agreement, B&W has received limited notice to proceed (LNTP) for the coal-to-natural gas project.
- Notice to proceed for the full contract is anticipated in the fourth quarter of 2024.
- Babcock & Wilcox Construction Co., LLC, will perform the construction portion of the project under an intercompany agreement when a full notice to proceed is received.