Press Releases

Babcock & Wilcox Power Generation Group signs boiler technology license agreement with India-based Thermax Ltd.

BARBERTON, Ohio, March 25, 2008 Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a contract with Thermax Ltd. to license B&W's Radiant boiler technology to the India-based energy and environmental engineering company.

Under the terms of the 15-year licensing agreement, B&W PGG will allow Thermax to engineer, manufacture and sell B&W subcritical pressure Radiant boilers in India.

The boilers will be used to generate steam in thermal power plants, primarily owned by independent power producers. The units can be designed to fire a variety of fossil fuels.

"B&W PGG has extensive experience in designing, manufacturing, installing and servicing more than 700 Radiant boilers worldwide and we are pleased to have the opportunity to bring our leading technology to India through this agreement," said B&W PGG President and Chief Operating Officer Brandon Bethards.

"B&W has maintained a strong business relationship with Thermax for more than 20 years," Bethards continued. "We look forward to continuing that relationship and helping to meet India's power needs."

B&W utility boilers installed worldwide generate more than 300,000 MW of electric power.

Thermax Limited is a leader in energy and environment management, and is one of the few companies in the world that offers integrated, innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. The sustainable solutions Thermax develops for client companies are environment-friendly and enable efficient deployment of energy and water sources.

The Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) is a major operating unit of The Babcock & Wilcox Company, a wholly owned subsidiary of McDermott International, Inc. B&W PGG is a world leader in the power generation industry and designs, engineers, manufactures, services and constructs steam generating and environmental equipment for utilities and industries worldwide. It is located on the Internet at www.babcock.com.

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