Babcock & Wilcox (B&W) announced that its B&W Thermal business segment has signed an agreement valued at approximately $246 million for a gas conversion project for a power plant in North America. Under the agreement, B&W has received limited notice to proceed (LNTP) for the coal-to-natural gas project. Notice to proceed for the full contract is anticipated in the fourth quarter of 2024.

B&W will convert the plant?s two coal-fired boilers ? totaling more than 1,000 megawatts ? to use natural gas fuel.

B&W?s full scope would include the design and installation of new burners, air systems, fans and other equipment necessary to implement the fuel switch. The Babcock & Wilcox Company will begin engineering and design work under the LNTP immediately with support from affiliate, FPS. Babcock & Wilcox Construction Co., LLC, will perform the construction portion of the project under an intercompany agreement when a full notice to proceed is received.