Foster Wheeler Awarded Contract for Biomass Circulating Fluidized-Bed Steam Generator in South Korea
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of
its Global Power Group has been awarded a contract by GS E&C for the
design and supply of one circulating fluidized-bed (CFB) steam generator
for the Dangjin 4 Biomass Power Plant Project for GS EPS, a subsidiary
of GS Group. The plant will be located in Dangjin, a city in South
Chungcheong Province, South Korea.
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 2013 bookings.
Commercial operation of the new steam generator is scheduled for third
quarter 2015.
Foster Wheeler will design and supply the 105 MWe (gross megawatt
electric) CFB steam generator and auxiliary equipment for the boiler
island, including a Foster Wheeler baghouse for flue gas cleaning. The
steam generator will be designed to burn palm kernel shells with
co-firing of coal, and wood pellets as back-up fuel, while meeting
applicable environmental regulatory requirements.
“Biomass residue from palm oil industries is an abundant renewable
energy fuel in Southeast Asia,” said Gary Nedelka, Chief Executive
Officer of Foster Wheeler’s Global Power Group. “We are pleased to have
yet another opportunity to demonstrate Foster Wheeler’s CFB technology
as a solution to meet energy needs while addressing environmental
concerns.”
Foster Wheeler AG is a global engineering and construction company and
power equipment supplier delivering technically advanced, reliable
facilities and equipment. The company employs approximately 13,000
talented professionals with specialized 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, mining and metals, 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, and
its operational headquarters office is in Reading, United Kingdom. For
more information about Foster Wheeler, please visit our Web site at www.fwc.com.
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not identified above were also involved in the formation of these
forward-looking statements and the failure of such other assumptions to
be realized, as well as other factors, may also cause actual results to
differ materially from those projected. Most of these factors are
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reports on Form 10-Q, annual reports on Form 10-K and current reports on
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