Babcock & Wilcox Bags $65M Contract To Provide Engineering Service To UK Plant

Babcock & Wilcox Enterprises Inc BW said its B&W Environmental and B&W Renewable business segments secured a $65 million contract from Lostock Sustainable Energy Plant Ltd.
The contract is to provide engineering services and advanced technologies for the LSEP Sustainable Energy plant in Manchester, U.K.
LSEP is a joint venture formed by Copenhagen Infrastructure Partners and FCC Environment (U.K.)
B&W's global operations will provide technologies and services for the project, including GMAB flue gas treatment technologies, SPIG air-cooled condensers, Diamond Power boiler cleaning equipment and engineering.
The Lostock plant will utilize residual waste to generate 60+ megawatts of energy for residents and businesses.
"B&W's waste-to-energy, environmental and other technologies will play a critical role in decarbonization and the transition to renewable energy, and we're pleased to contribute our expertise to the Lostock project," said executive vice president and COO Jimmy Morgan.
Price Action: BW shares closed lower by 1.08% at $6.40 on Monday.