Babcock & Wilcox Bags $22M Waste-To-Energy Technology Contract

Babcock & Wilcox Enterprises Inc BW business segment B&W Renewable has secured a contract for ~$22 million to help a power producer in Asia reduce its reliance on coal and decrease the amount of waste sent to landfills.
B&W Renewable will design and supply a 440-ton-per-day waste-to-energy boiler, DynaGrate combustion grate, and other combustion equipment, including burners and sootblowers.
The plant will generate cleaner electricity for the community while processing ~160,000 tons of industrial waste annually.
"Our business in the Asia-Pacific region continues to grow, with significant opportunities for B&W's renewable, environmental and thermal technologies," said Nick Carter, Managing Director of B&W's Asia-Pacific region.
Price Action: BW shares are trading higher by 0.95% at $7.41 on the last check Monday.