The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract worth more than $186 million to engineer, procure and construct (EPC) a biomass power plant for Berlin Station, LLC in Berlin, N.H. A subsidiary of Delta Power Services, LLC, a B&W company, has been awarded a separate six-year contract worth more than $19 million to provide operations and maintenance services (O&M) for the plant.

BWCC will lead a team that will convert the former Fraser Paper Mill to a 75 megawatt biomass energy power plant that will be fueled by wood chips and logging waste. BWCC’s scope of work is to engineer, procure and construct the plant and all associated balance of plant support systems, including the turbine/generator and fuel handling equipment. BWCC will self-perform the erection of all B&W-supplied equipment.

BWCC and its affiliated companies will 1) design and supply material to convert the plant’s existing black liquor recovery boiler to a bubbling fluidized bed (BFB) boiler; 2) design and supply the plant’s selective catalytic reduction system for nitrogen oxides control, a baghouse for the control of particulates emissions, a continuous emissions monitoring system (CEMS) and other plant equipment; and 3) design and supply ash handling equipment.

“This project is a continuing confirmation of B&W’s leadership position in technology, construction and project management in the renewable biomass energy market,” Babcock & Wilcox Power Generation Group, Inc. President and Chief Operating Officer Richard L. Killion said.

Engineering for the project will begin immediately, and start-up is scheduled to begin in the fall of 2013.

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,000 joint venture employees. Learn more at www.babcock.com .

Cautionary Statement Regarding Forward Looking Statements

B&W cautions that this release contains forward-looking statements, including regarding the biomass power plant contracts. These statements are subject to risks and uncertainties, including delays and other difficulties executing on the EPC and O&M contracts. If these or other risks materialize, the actual results could be materially different than this expressed herein. For a discussion of risks relating to B&W, see our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. B&W cautions not to replace undue reliance on forward-looking statements, which speak only as of the date of this release. B&W disclaims any duty to update forward-looking information, except as required by law.

Copyright Business Wire 2010