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News

B&W Joint Venture Signs Contract for Two Large, Ultra-Efficient Coal-Fired Boilers in China

15 September 2010

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Beijing Company Ltd. (BWBC) has signed a contract to build two 1,000 megawatt (MW) ultra-supercritical coal-fired boilers for a large power plant project in Zhoushan, Zhejiang province, China. BWBC is a joint venture between Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) and Beijing Jingcheng Machinery Electric Holding Company, Ltd.


B&W to Engineer and Supply Emissions Reduction System for Michigan Power Plant

09 September 2010

The Babcock & Wilcox Company (B&W) (NYSE: BWC), announced today that one of its subsidiaries, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a contract to design, engineer, supply and construct a selective catalytic reduction (SCR) system for Consumers Energy's J.H. Campbell Generating Complex Unit 2, located near West Olive, Mich.


B&W Completes First Phase of $100 Million Strategic Investment in USEC

02 September 2010

The Babcock & Wilcox Company (B&W) (NYSE:BWC), through its affiliate Babcock & Wilcox Investment Company, announced today that it has made a $37.5 million investment in USEC Inc. (NYSE: USU). This is the first phase of its previously announced definitive agreement to make a $100 million strategic investment in USEC. In connection with the investment, Michael S. Taff, Senior Vice President and Chief Financial Officer of B&W, has been elected to USEC's Board of Directors.