B&W SPIG Awarded Contract to Supply Sea Water Cooling Towers for Project in Bahrain
Babcock & Wilcox Enterprises, Inc. (BW)
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Source: Business Wire
PARUZZARO, Italy--(BUSINESS WIRE)--SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract to supply a sea water cooling tower to SEPCOIII for the Al Dur Phase II Independent Water and Power Project in the Kingdom of Bahrain.Al Dur Phase II is a 1,500-megawatt, combined cycle gas turbine (CCGT) plant with a desalination component capable of producing up to 50 million gallons of fresh water each day.“SPIG is grateful SEPCOIII has chosen us to be a part of this large, critical infrastructure project for the Kingdom of Bahrain,” said SPIG Managing Director Alberto Galantini. “SPIG’s sea water cooling tower technology provides a high degree of corrosion protection and excellent reliability under demanding conditions. We look forward to contributing to this exciting project.”SPIG will supply 40 induced draft counter flow cells constructed from fiberglass reinforced plastic (FRP) in a back-to-back configuration capable of handling a total wate
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- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) had its price target lowered by analysts at Lake Street Capital from $11.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million, New Contracts and Awards of Approximately $500 Million Year-to-Date [Yahoo! Finance]Yahoo! Finance
BW
Earnings
- 11/9/23 - Miss
BW
Sec Filings
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- 4/10/24 - Form 8-K
- 4/10/24 - Form 424B5
- BW's page on the SEC website