The Babcock & Wilcox Company
) - through its affiliate Babcock & Wilcox Power Generation
Group Inc. - has won a contract to deliver, erect and commission
a dry flue gas desulfurization system. The contract was awarded
by Interstate Power and Light Company - subsidiary of
Alliant Energy Corporation
) for its 270 megawatt coal-fired Lansing Generating Station in
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Per the deal, Babcock & Wilcox will deliver and erect a
circulating dry scrubber (CDS) system for the reduction of sulfur
dioxide emission. The supply pact also includes new bags for the
plant's existing pulse jet fabric filter.
The CDS technology (also known as Circulating Fluid Bed Flue Gas
Desulfurization), will help in reducing emissions from several
units. The technology involves low capital and operating
expenses, and does not produce waste water.
This environmental equipment will be put up by Babcock &
Wilcox Construction Co., which is another affiliate of Babcock
Construction work on the project is expected to commence in 2014
and be over in 2015. Commissioning and start-up is also slated
Earlier this month, Babcock & Wilcox Power Generation Group
Inc. also entered into an agreement with FutureGen Industrial
Alliance to begin work on the U.S. Department of Energy's
FutureGen 2.0 carbon capture and storage (CCS) project. The
agreement is for the initial engineering and preparation of the
full front-end engineering and design work of the CCS project.
Babcock & Wilcox currently carries a Zacks Rank #1 (Strong
Buy), implying that it is expected to outperform the broader U.S.
equity market over the next 1 to 3 months.
In addition to B&W, there are other engineering firms in the
energy sector like
Altra Holdings Inc.
EnPro Industries Inc.
) that offer value and are worth considering. Both these stocks
sport a Zacks Rank #1 (Strong Buy).