The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been chosen to design and manufacture a supercritical coal-fired boiler and selective catalytic reduction system (SCR) for the Duyen Hai 3 Extension power plant in Vietnam. The selection was made by Japanese prime contractor Sumitomo Corporation, which will build the 688 megawatt plant for its customer, Power Generation Corporation 1, a subsidiary of Electricity Vietnam (EVN). "We are delighted that Sumitomo Corporation and EVN have selected us for this important project," said Elias Gedeon, Senior Vice President and Chief Business Development Officer, B&W. "This is B&W's sixth steam generator in Vietnam and we are pleased to contribute to the nation's energy needs. "Demand for affordable, reliable and efficient boilers, especially in Asia, is robust," Gedeon said. "We're pursuing more opportunities leveraging the cost efficiencies of our global execution capabilities and our long history and reputation serving customers worldwide." B&W has received a full notice to proceed and the project was booked in the fourth quarter of 2014. Engineering is underway and the plant is scheduled for commercial operation in mid 2018. 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 11,600 people, in addition to joint venture employees located at projects around the world. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com . Cautionary Statement Regarding Forward Looking Statements B&W cautions that this release contains forward-looking statements, including statements relating to the scope and timing, to the extent either may be viewed as an indicator of future revenues, of B&W PGG's role in the design and manufacture of the supercritical coal-fired boiler and SCR. These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties in contract negotiation and adverse modifications to contracts in backlog, including termination. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2013 and subsequent quarterly reports on Form 10-Q. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
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