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News Releases

B&W Subsidiary to Design and Provide Support for Manufacture of Replacement Steam Generators in South America

23 August 2010

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Canada Ltd. (B&W Canada) has been awarded a replacement steam generator (RSG) contract from Industrias Metalúrgicas Pescarmona Sociedad Anónima (IMPSA) in Argentina.

B&W Canada will design and fabricate key components and provide manufacturing technology for the completion of four CANDU RSGs. IMPSA will deliver the completed RSGs to the Embalse nuclear plant, which is owned and operated by Nucleoelectrica Argentina, S.A. (NA-SA).

The work will be performed by B&W Canada's operations in Cambridge, Ontario, which has designed and manufactured more than 300 nuclear steam generators for customers worldwide.

"This contract represents our ongoing commitment to help Argentina meet its demand for power through reliable, safe and clean nuclear energy," said Mike Lees, President, B&W Canada. "B&W Canada is not only equipped to extend the life of existing plants through nuclear products, services and technology, but also nuclear plant builds of the future."

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 13,000 people, in addition to approximately 10,000 joint venture employees. Learn more at www.babcock.com.