B&W Joint Venture Awarded $300M Boiler and Environmental Contract in Vietnam

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The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that Babcock& Wilcox Beijing Co. Ltd. (BWBC), an unconsolidated Chinese joint venturewithin B&W's Power Generation segment, has been awarded a contract worthmore than $300 million to design and manufacture two coal-fired boilers,boiler auxiliaries and two wet flue gas desulfurization (FGD) units forPetroVietnam's Thai Binh II power plant in Vietnam. South Korean engineering and construction firm Daelim Industrial Co. Ltd.,the project's lead contractor, selected BWBC to engineer and manufacture thetwo 600 megawatt, subcritical downshot boilers according to a B&W design.B&W's licensee, Zhejiang Tiandi Environmental Protection Engineering Co.,Ltd., will supply both wet FGD units.

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