Babcock & Wilcox rises on AES Indiana project go-ahead

Babcock & Wilcox Enterprises

14/11/2024 15:07

(Updates)
** Energy tech company Babcock & Wilcox's  BW.N  shares up 10.5%
to $2
** Its thermal business unit receives full notice to proceed
with $246-mln contract for a coal-to-gas fuel-switching project
at utility firm AES Indiana's Petersburg generating station
    ** The project will help AES Indiana phase out the use of
coal and reduce carbon dioxide emissions by converting the
1,160-MW Petersburg plant’s two coal-fired boilers to use
natural gas as fuel
    ** Project scheduled for completion in Q1 2027
    ** Including session's moves, stock up ~36% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com))