BABCOCK & WILCOX TO SUPPLY POWER PLANT TO PAKISTAN.NEW ORLEANS--(BUSINESS WIRE)--Aug. 27, 1996--The Babcock & Wilcox Power Generation Group of Barberton, Ohio, an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of McDermott International, Inc. (NYSE NYSE See: New York Stock Exchange :MDR MDR, n See multidrug resistance. MDR, n the abbreviation for minimum daily requirement, specifically the Minimum Daily Requirements for Specific Nutrients compiled by the United States Food and Drug Administration. ), announced it has signed a $90 million contract with Saba Power Company Limited of Pakistan. Under the terms of the contract, B&W will engineer, procure, construct and commission a 125-megawatt oil-fired steam power plant. The new facility will be located near Farouqabad, about 40 miles northwest of Lahore. According to Walt Boomer, president of the B&W Power Generation Group, "This project represents an exciting milestone for our company in a significant independent power (IPP (Internet Printing Protocol) A protocol for printing and managing print jobs over the Internet using HTTP. Initially conceived by Novell, Xerox and others, the IETF made it a standard in 2000 that includes authentication and encryption. See printing protocol and LPD. ) market. Our ability to integrate our worldwide procurement and pressure part fabrication capabilities, combined with our expertise in environmental controls, plant design, and our experience with our own IPP projects, make us an ideal prime contractor for this project." Saba Power Company, an independent power producer in Islamabad, will own the high-efficiency plant and supply power to the Pakistan Water and Power Development Authority Water and Power Development Authority (WAPDA) is the main government agency responsible for developing water resources, dams and electrical power in Pakistan. WAPDA was created in 1958 as a semi autonomous body for the purpose of carrying out accelerated and unified . The project will be executed by the B&W Power Systems unit in Barberton, Ohio. The steam generator will be manufactured in the United States. Debt financing for the project is being provided by Exim Bank in the United States and commercial banks. McDermott International, Inc. is a leading worldwide energy services company. McDermott and its subsidiaries manufacture steam-generating equipment, environmental equipment, and products for the U.S. government. They also provide engineering and construction services for industrial, utility, and hydrocarbon processing facilities, and for shipbuilding. Through its majority ownership of J. Ray McDermott, S.A. (NYSE:JRM JRM Journal of Recreational Mathematics JRM Journal of Reproductive Medicine ), McDermott International also participates in offshore construction. CONTACT: McDermott International, Inc., New Orleans Don Washington, 504/587-4080 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion