Riley Power Announces Exclusive License Agreement for Sub-critical Coal-fired Steam Generator Technology

Riley Power Inc., a wholly owned subsidiary of Babcock Power Inc., has signed a license agreement with Cethar Vessels (P) Ltd. of Tiruchirapalli, India for the exclusive use of Riley’s proprietary sub-critical coal-fired steam generator and firing systems technologies.

This license agreement demonstrates Riley Power’s commitment to select high quality partners throughout the world in a continued effort to remain one of the leading suppliers of reliable, well-engineered equipment to the power industry. Cethar Vessels, with its distinguished track record in India, compliments Riley Power’s global strategies, achieving many firsts in the field of boiler technology within India and commissioning nearly nine hundred boilers as well as seven power plants.

James Wood, President and CEO of Babcock Power Inc. stated: “We are very pleased to have concluded this agreement between our Riley Power Inc. subsidiary and this dynamic company. India’s economic growth requires substantial additional electric generation and our suite of Riley clean combustion boiler products should help Cethar gain a significant market share of this new capacity.”

Cethar Vessels (P) Ltd., founded in 1981, is the flagship company of the Cethar Group and a major supplier of industrial boilers, boiler components and captive power plants on the Indian sub-continent. In addition to Cethar Vessels, the Cethar Group is comprised of Cethar Consultancy Services, Cethar Consulting Engineers, Cethar Energy, Cethar Industries, Pipelines & Process Equipments, and Micromax Systems.

Babcock Power Inc., through its subsidiaries, is one of the world’s leading suppliers of technology, equipment, and services to the power generation industry. Babcock Power subsidiary companies include Vogt Power International, Thermal Engineering International (USA) Inc., Babcock Power Environmental, Riley Power Inc. and Babcock Power Services, Boiler Tube Company of America, and TEi Construction Services, Inc.

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