Babcock & Wilcox Power Generation Group Inc., an affiliate
of energy engineering and construction services provider
The Babcock & Wilcox Company
), has won a contract from Tecnimont S.p.A - an engineering and
procurement contractor based in Italy. The Babcock & Wilcox
added that the contract was already booked in the second quarter of
Per the deal, The Babcock & Wilcox subsidiary will provide two
boilers of 360-megawatt capacity, coal pulverizers, air heaters,
fans and structural steel. The coal-fired boilers are likely to be
installed on Punta Catalina Power Plant for a customer of Tecnimont
S.p.A namely Corporación Dominicana de Empresas Eléctricas
The Babcock & Wilcox added that the front-end engineering and
management activities for the boilers have already commenced. These
are likely to be concluded by Oct 2017.
The Babcock & Wilcox affiliate management revealed that the
demand for affordable power is growing by leaps and bounds in the
Caribbean, South and Central America. This in turn creates demand
for energy engineering and construction services. We believe that
the company is well equipped to capitalize on the increased demand.
Headquartered in Charlotte, NC The Babcock & Wilcox is engaged
in providing clean energy technology and services for the nuclear,
fossil and renewable power markets worldwide. The company was spun
off from the energy-focused engineering and construction firm
) in 2010 and currently operates in four business units: Power
Generation, Nuclear Operations, Technical Services and Nuclear
The Babcock & Wilcox currently carries a Zacks Rank #3 (Hold),
implying that it is expected to perform in line with the broader
U.S. equity market over the next one to three months.
Meanwhile, one can look at better-ranked players in the energy
TC PipeLines LP
). Both stocks sport a Zacks Rank #1 (Strong Buy).
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