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WHEELABRATOR TECHNOLOGIES INC. AND THE BABCOCK & WILCOX COMPANY AGREE TO DEVELOP INTERNATIONAL POWER PROJECTS

 HAMPTON, N.H., and BARBERTON, Ohio, Sept. 1 /PRNewswire/ -- Wheelabrator Technologies, Inc. (NYSE: WTI) and The Babcock & Wilcox Company (B&W) today announced that they have signed an agreement to jointly develop international interdependent power projects on a project specific basis. The companies will develop, own and operate such projects through partnerships with local national firms.
 Wheelabrator and B&W will focus on the development of coal-fired power plants. The principal geographic focus includes the People's Republic of China and Mexico.
 In China, the government estimates that 135,000 megawatts of electrical generating capacity will be needed by the year 2000 in order to meet population and industrial demands. The Wheelabrator/B&W joint effort will be well positioned to help provide this capacity. B&W has boiler fabrication facilities near Beijing, currently with a growing backlog of 2,500 megawatts for five power plants in China.
 B&W is a full service supplier involved in the design, construction, operation and ownership of power generation facilities and related environmental systems. B&W owns and operates three independent power plants and performs operation and maintenance services at three other facilities. These plants burn a variety of fuels -- coal, waste coal, wood waste, scrap tires and other waste fuels. B&W's strength as a full service supplier for independent power projects is based on a solid foundation of experience as a plant equipment supplier for more than 125 years.
 Wheelabrator Technologies, a multi-faceted environmental services company, is a majority-owned subsidiary of WMX Technologies, Inc., the world's leading environmental services company. Wheelabrator is one of the United States' top ten non-utility affiliated independent power producers. The company's 22 energy projects represent 850 megawatts of electrical generating capacity. In addition to its independent power capabilities, Wheelabrator Technologies supplies air quality control systems for industrial and utility applications. It also provides composting and a range of water and wastewater treatment services including biosolids management.
 Wheelabrator Technologies is a 12 percent owner of Waste Management International plc, a leading provider of a range of solid and hazardous waste management services with operations in 16 countries throughout Europe, Asia the Pacific Rim and Latin America. Waste Management International will be an important ally in the development of Wheelabrator/B&W independent power projects.
 -0- 9/1/93
 /CONTACT: Richard Stone, 603-929-3456, or Kevin Stickney, 603-929-3354, both of Wheelabrator Technologies; or Gordon Mendelson, 216-860-2625, or Richard Batyko, 216-860-2638, both of Babcock & Wilcox/
 (WTI)


CO: Wheelabrator Technologies; Babcock & Wilcox; WTX Technologies;
 Waste Management International plc ST: New Hampshire, Ohio IN: ENV SU: JVN


CM-DJ -- NE009 -- 7931 09/01/93 11:39 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
Words:433
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