Foster Wheeler Wins Condenser Project for Power Plant in Turkey
Foster Wheeler AG (Nasdaq: FWLT) has announced that a subsidiary of its Global Power Group has been awarded a contract for the design and supply of two axial deaerating surface condensers for the Samsun Power Plant in Turkey.
Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company's first-quarter 2010 bookings. The delivery of the two condensers is scheduled for the first quarter of 2011.
Under the terms of the contract, Foster Wheeler Energia, S.L. in Madrid will supply the condensers to METKA, S.A. (Athens, Greece), which is acting as EPC contractor for the project. Foster Wheeler has previously supplied condensers to METKA for five separate projects.
Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 14,000 talented professionals with specialised expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland.
Published 12/04/2010
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