Foster Wheeler Awarded Doosan Heavy Industries Contract

Foster Wheeler Ltd. has announced today that subsidiaries within its Global Power Group have been awarded contracts from Doosan Heavy Industries & Construction Co., Ltd. (Doosan) for the design and supply of a circulating fluidized-bed (CFB) steam generator for the Glow CFB3 thermal power project in Thailand. Doosan has been awarded the engineering, procurement and construction (EPC) contract from Glow Energy PLC, the developer of the project. Commercial operation of the plant is scheduled for the end of 2009.

Foster Wheeler has received a full notice to proceed on this contract.

"We are pleased that Doosan has selected Foster Wheeler for this important project," said Gary Nedelka, chief executive officer of Foster Wheeler North America Corp. "We are looking forward to developing a lasting relationship with this well-established EPC contractor in the Asian market."

"We are delighted to start work on the Glow CFB3 project and we are looking forward to extending our business relationship with Foster Wheeler to other regions," said Mr. Ryu, Doosan's vice president of overseas marketing.

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Posted 17/04/07

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