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Power Barge LLC

PRESS RELEASE

| SPANISH VERSION |

Dave Nickerson, President of Power Barge Corporation announces the signing of a power barge design/build cooperation agreement with Burmeister & Wain Scandinavian Contractors A/S (BWSC) of Denmark, a subsidiary of Mitsui.  Power Barge Corporation is based in Houston, Texas and is the leading power barge services company with over 25 years in the design, production and ownership of various types of power barges.  

BWSC is a worldwide leading EPC contractor specializing in medium speed engine and biomass power plants.  BWSC will offer deliveries targeting within 12 to 16 months from contract funding, with outright sale, electricity sale and lease contract options available.  

Vard Marine U.S. also based in Houston (a subsidiary of Fincantieri) will provide design support services based on their experience in designing medium speed engine power barges.

This agreement focuses their joint effort in the design, production and marketing of medium speed engine power barges.   This new modular power barge class program will offer power barges ranging in output from 60 MW to 180 MW based on a single design.  Higher outputs and various combined cycle/SCR modes will also be available on a client request basis. In addition BWSC will offer long term maintenance as well as O&M contracts.

 

About the parties:

Power Barge Corporation

Power Barge Corporation is a privately held company based in Houston, Texas, with the most experienced team in the design, production and ownership of various types of power barges. Power Barge Corporation provides turnkey engineering, procurement, construction, aftermarket and consulting services, to developers, owners and operators of barge mounted power plants with both gas turbine and medium speed engine.  Power Barge Corporation operates around the world with activities in the Middle East, Africa, Asia, Central and South America.

 

BWSC

BWSC is a worldwide leading EPC contractor that develops, builds, operates and owns high-performance biomass and engine-based power plants. The majority of the projects are supplied as turnkey plants and BWSC has delivered more than 175 power plants to 53 countries worldwide. BWSC originates from the stationary engine division of Burmeister & Wain (B&W), which has built and installed diesel engines since 1904, and was established as a separate specialist company in 1980. Today, BWSC is owned by Japanese Mitsui Engineering and Shipbuilding Co. Ltd.