B&W Gets DOE Contract For Work On $2.4B Clean Coal Plant

Law360, New York (October 4, 2013, 6:09 PM EDT) -- A subsidiary of North Carolina renewable power technology firm Babcock & Wilcox Co. has signed a $49 million services agreement with a consortium developing a $2.4 billion, U.S. Department of Energy-funded clean coal power plant in Illinois, B&W said Friday.

B&W's power generation subsidiary will perform full front-end engineering and design work on the second phase of the blockbuster FutureGen clean coal project, designed to capture 90 percent of its carbon emissions by the third year of operations. The services contract will be funded by the DOE,...
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