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Wednesday, September 26, 2007
RELEASE–Foster Wheeler to Supply Circulating Fluidized-Bed Steam Generator to Fortum Heat Polska sp. z o.o.
HAMILTON, Bermuda–(BUSINESS WIRE)–Sept. 25, 2007–Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract for a 66 MWe (gross megawatt electric) circulating fluidized-bed (CFB) steam generator by Fortum Heat Polska sp. z o.o. The new combined heat and power plant will be located in Czestochowa in southern Poland.
Foster Wheeler has received a full notice to proceed on this contract, which will be included in Foster Wheeler’s third-quarter 2007 bookings. The terms of the contract were not disclosed.
Foster Wheeler will design and supply the CFB steam generator and auxiliary equipment and will also carry out the erection and commissioning of the boiler island. The planned power plant will burn coal and up to 25% biomass. Commercial operation is scheduled for the spring of 2010.
"Once again, our CFB technology is the logical choice in terms of fuel flexibility and reduced emissions. We look forward to working with Fortum to help make this plant a showcase for the sustainable development program," said Jaroslaw Mlonka, president and chief executive officer of Foster Wheeler Energia Polska.
"The new combined heat and power plant investment plays an important role in developing Fortum Heat Polska’s energy production assets in Czestochowa, and investing in co-firing of coal and biomass supports Fortum’s sustainable development program," said Zdzislaw Olejczyk, president of Fortum Heat Polska.
Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.
CONTACT: Media:
Maureen Bingert, 908-730-4444
[email protected]
or
Jan Rogers, 908-713-3288
[email protected]
or
Other Inquiries:
908-730-4000
www.fwc.com/GlobalPowerGroup
SOURCE: Foster Wheeler Ltd.
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