Vogt Power to Supply HRSGs for Thailand Refinery

March 2, 2010

Danvers, MA – Vogt Power International Inc., located in Louisville, KY, a subsidiary of Babcock Power Inc., based in Danvers, MA, announced today it has been selected to supply Jurong Engineering Limited (JEL) with six Heat Recovery Steam Generators (HRSGs) for the IRPC Public Company Limited’s (“IRPC”) Combined Heat and Power (CHP) Plant located in Rayong, Thailand. IRPC is a petroleum refinery and petrochemical manufacturer belonging to the PTT group.

Vogt Power will design, manufacture and deliver Six (6) unfired, one pressure level HRSGs to JEL. Vogt Power’s HRSGs will be installed behind General Electric’s Frame 6 gas turbines. The electricity and steam generated by the CHP plant will be utilized at IRPC’s petrochemical complex. The CHP plant is expected to provide 220 megawatts of generation capacity and 400 tons per hour of steam for the complex, and is scheduled for completion in May of 2011.

“Securing this award exemplifies Vogt Power’s flexibility and competitiveness in the international and industrial market for smaller HRSGs,” said Steve Kapsalis, President and CEO of Vogt Power. “We are pleased to work on this project with a world-class international engineering and construction company like Jurong Engineering Limited.”

JEL, based in Singapore, is a leading international engineering and construction company. JEL has gained recognition as a key player in the construction of power, petrochemical and other industrial process plants. It also undertakes turnkey contracts for small to medium size combined cycle power plants. In the past 38 years, the company has executed projects in 25 countries in South East Asia, China, the Indian Subcontinent, the Middle East, Africa and the Southern Caribbean. JEL Group employs approximately 4,000 professional and technical employees.

Babcock Power Inc. (www.babcockpower.com) is one of the world’s leading suppliers of technology, equipment and services to the power generation industry. Babcock Power designs, manufactures and services heat recovery steam generators through its Vogt Power International Inc. subsidiary located in Louisville, KY; provides heat exchangers and after market services, including moisture separator reheaters, steam surface condensers and feedwater heaters for fossil-fired, concentrated solar and nuclear plants through its Thermal Engineering International (USA) Inc. subsidiary located in Santa Fe Springs, CA; and provides new steam generators, environmental solutions (including SCRs, flue gas scrubbers and mercury removal systems), and a complete portfolio of after market solutions to the electric utility and waste-to-energy industries for any OEM’s boiler through its subsidiaries located in Worcester, MA.