The Babcock & Wilcox
Company (B&W) was a member of the U.S. trade mission which had recently
concluded its five-day visit to India after exploring commercial nuclear
partnership opportunities available in this country. The mission included
more than 50 senior executives representing over 30 leading commercial
nuclear companies. The event was the largest trade mission of U.S. commercial
nuclear executives ever to visit India and follows the successful completion
of the U.S.-India Civilian Nuclear Initiative, which opened India to
civilian nuclear trade with the U.S. and the world.
The Babcock & Wilcox
Company (B&W), a major operating subsidiary of McDermott International,
is a leader in advanced energy technology innovation and service, primarily
in nuclear and fossil power. Providing quality products and technical
services to commercial and government customers, B&W is focused
on issues such as energy efficiency, clean air, global market competitiveness,
and safe and secure resolution for nuclear waste. B&W has locations
worldwide and employs more than 20,000 people.
B&W has strong ties to India's power sector that span more than
20 years. Through its relationship with Thermax Limited, B&W has
worked with Indian industry to build power plants that operate across
the country. Earlier this year, Thermax and B&W announced a new
technology transfer license agreement that gives Thermax the right to
engineer, manufacture and sell B&W subcritical pressure radiant
utility boilers in India.
"B&W is backed by more than 140 years of experience, and we
have a distinguished history in nuclear power that dates back to its
inception," said Brandon Bethards, B&W's Chief Executive Officer.
"We have world-class nuclear component manufacturing facilities
and a strong commitment to safety, quality and performance. We recognize
these are key tenets of India's nuclear power programs, and we look
forward to working with India as they begin to add more nuclear generation."
"The historic U.S.-lndia nuclear deal opens up tremendous opportunities
for both Indian and U.S. business," said Craig Hansen, B&W's
Vice President of Washington Operations and a member of the delegation
that travelled to India. "With demand for carbon-free electricity
rapidly increasing, nuclear power is clearly going to play a large role.
India has the skilled workforce, a robust existing nuclear industry,
and the commitment necessary to manage complex technical operations.
B&W would like to work with the Indian industry to build capacity
to supply their own nuclear growth while developing an export capability
to serve rapidly expanding markets."