Foster Wheeler Awarded Contract for Two Circulating Fluidized-Bed Steam Generators in Indonesia
Foster Wheeler AG announced today that a subsidiary of its Global Power Group has been awarded a contract by Daewoo Engineering Company for the design and supply of two circulating fluidized-bed (CFB) steam generators for PT Merak Energi. The project is located in Banten Province on the western part of Java Island in Indonesia.
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 third quarter 2010 bookings. Commercial operation of the new steam generators is scheduled for third quarter of 2012.
Foster Wheeler will design and supply the two 60 MWe (gross megawatt electric) CFB steam generators and auxiliary equipment and provide site advisory services for the project. The CFB steam generators will be designed to burn local coal.
"We are pleased to have an opportunity to again demonstrate Foster Wheeler's state-of-the-art CFB technology in Indonesia," said Mark Garvey, chief executive officer of Foster Wheeler Power Group Asia. "Our CFB technology has proven itself as an excellent choice for the clean combustion of coal and other solid fuels."
"We look forward to a successful project; our first milestone collaboration with Foster Wheeler and hope there will be additional opportunities in the near future," said Mr. Lokita Prasetya, president and director of Merak Energi Indonesia.
Foster Wheeler AG (Nasdaq: FWLT) is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 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 10/08/2010
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