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Foster Wheeler Awarded Circulating Fluidized-Bed Boilers Contract

Foster Wheeler LogoA Foster Wheeler Global Power Group subsidiary has been awarded a contract for the design and supply of two circulating fluidized-bed (CFB) boilers by a subsidiary of The Shaw Group Inc., the owner's engineering, procurement, and construction contractor.

The contract, valued at approximately $180 million, calls for Foster Wheeler to provide Cleco Power LLC, a subsidiary of Cleco Corp., with two 330 megawatt CFB boilers to be used at the company's proposed solid-fuel generating unit planned at its existing Rodemacher Power Station. The two boilers are designed to use multiple fuels and will provide steam to a single 660 MW reheat turbine.

"This new power plant project is the largest investment Cleco has ever made and this award underscores our client's confidence in our proven CFB technology," said Bernard H. Cherry, chief executive officer of Foster Wheeler Global Power Group. "This new plant will be one of the cleanest solid-fuel plants of its kind and will give Cleco the flexibility to burn a variety of cheaper solid fuels and significantly reduce its consumption of expensive natural gas. This is another example of Foster Wheeler's commitment to supply cost-effective twenty-first century solutions to help our clients in power industries meet their business objectives."

"Current projections of natural gas prices show this proposed unit has the potential to save customers more than $4 billion over 30 years," said Mike Madison, president and CEO of Cleco Corporation.

Foster Wheeler's scope of services includes design and supply of the state-of-the-art CFB boilers, selective non-catalytic reduction systems, and air quality control systems. The advanced boilers will burn solid fuel cleanly while meeting stringent emissions requirements. Construction of the boilers is expected to begin in the spring of 2006, with commercial operation scheduled for July 2009.

Cleco Corp. is an energy services company headquartered in Pineville, La. It operates a regulated electric utility company that serves about 265,000 customers across Louisiana. Cleco also operates a wholesale energy business that has more than 1,400 megawatts of generating capacity.

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Posted 13/02/06

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