Babcock & Wilcox awarded Egyptian power plant project.NEW ORLEANS--(BUSINESS WIRE)--Dec. 19, 1995--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 today that a consortium led by its Babcock & Wilcox Power Generation Group, headquarted in Barberton, Ohio Barberton is a city in Summit County, Ohio, United States. The population was 27,899 at the 2000 census. It is part of the Akron metropolitan area and has the ZIP code 44203. Geography Barberton is located at (41.015805, -81. , has signed two contracts with the Egyptian Electricity Authority for the supply of steam generating equipment for the new Sidi Krir and Ayoun Moussa Power Stations in Egypt. Combined value of the two contracts is $155 million. B&W's share is about 75 percent. The Sidi Krir Power Station will be located west of Alexandria on the Mediterranean coast. The Ayoun Moussa Power Station will be located southeast of Suez on the west shore of the Sinai peninsula Sinai Peninsula Peninsula, northeastern Egypt. Located between the Gulfs of Suez and Aqaba at the northern end of the Red Sea, it covers some 23,500 sq mi (61,000 sq km). . Babcock & Wilcox will supply both stations with two 320 megawatt gas- and oil-fired boilers plus accessories. B&W is in partnership with Nuova Cimimontubi, an Italian construction company, which will supply the balance of plant, erection and construction services. The projects will include a significant portion of Egyptian components and construction labor. B&W will manufacture the steam drums at its Cambridge, Ontario
Cambridge facility; the remainder of the boiler units will be fabricated at Babcock & Wilcox Egypt, a B&W joint venture. The contracts call for the Sidi Krir units to be completed by September, 1998 and March, 1999. The Ayoun Moussa units are scheduled to be completed one year later. Babcock & Wilcox has a long-standing relationship with Egypt and the Egyptian Electricity Authority, having supplied equipment and services to the utility since 1952. This is the second large contract B&W has won in Egypt in the past 22 months and is the fourth large international contract the company has been awarded since December, 1994 for a total value exceeding $650 million. McDermott International, Inc. is a leading worldwide energy services company. The company 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 the shipbuilding industry Noun 1. shipbuilding industry - an industry that builds ships industry - the people or companies engaged in a particular kind of commercial enterprise; "each industry has its own trade publications" shipbuilder - a business that builds and repairs ships . Through its majority ownership of J. Ray McDermott, S.A. (NYSE:JRM JRM Journal of Recreational Mathematics JRM Journal of Reproductive Medicine ), McDermott International, Inc. also participates in offshore construction. CONTACT: McDermott International Inc., New Orleans Don Washington, 504/587-4080 |
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