Babcock & Wilcox rises on plans to proceed on coal-to-gas switch project in Indiana

Babcock & Wilcox Enterprises

14/11/2024 12:57

** Energy tech firm Babcock & Wilcox's  BW.N  shares rise 2.8%
to $1.86 premarket
** Company's thermal business unit receives full notice to
proceed on $246 mln contract for a coal-to-gas fuel-switching
project at utility firm AES Indiana's Petersburg generating
station
    ** Project will help AES Indiana phase out 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
    ** As of last close, stock up ~24% YTD

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