The Babcock & Wilcox Co. (B&W, NYSE: BWC) said its subsidiary, Babcock & Wilcox Power Generation Group Inc. (B&W PGG), has received full notice to proceed (FNTP) for the engineering, design, procurement and construction of a waste-to-energy power plant and environmental control equipment for the Solid Waste Authority (SWA) of Palm Beach County in West Palm Beach, Fla.
B&W and its consortium partner, KBR, were awarded a $668 million contract for the design and construction of the 95 MW Renewable Energy Facility No. 2 in April 2011. Since, B&W has been performing engineering and design work under a limited notice to proceed.
With the receipt of this FNTP, B&W recorded in the first quarter of 2012 an additional $178 million in backlog, representing the remaining portion of B&W's design and build scope, as well as approximately $498 million for a 20-year operations and maintenance contract.
B&W said the new waste-to-energy facility will be located adjacent to the SWA's existing plant and will be capable of processing 3,000 tons of municipal solid waste per day to produce electricity and reduce the amount of waste sent to the county's landfill.
The plant is scheduled to begin commercial operation in spring 2015.
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