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Foster Wheeler receives contract for two boiler islands and CFB scrubbers in Turkey

Tuesday, Feb 11, 2014

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Harbin Electric International Co. Ltd. (HEI) for the design and supply of two circulating fluidized-bed (CFB) boiler islands and flue gas scrubbers for HIDRO-GEN Energy Import, Export, Distribution and Trading Inc., a subsidiary of Kolin Group of Companies. HEI is acting as EPC contractor for HIDRO-GEN’s power project to be built near the town of Soma 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 bookings for the first-quarter of 2014. Commercial operation of the new steam generators is scheduled for the beginning of 2017.

Foster Wheeler will design and supply two 255 MWe (gross megawatt electric) steam generators and auxiliary equipment for the boiler islands, flue gas cleaning systems with Foster Wheeler CFB scrubbers, and technical advisory services during erection and commissioning. The CFB boilers will be designed to burn local lignite.

“This is the largest CFB project yet to be awarded in Turkey, and Foster Wheeler is looking to a bright future within the Turkish power market,” said Tomas Harju-Jeanty, Chief Executive Officer of Foster Wheeler Energia OY Group. “Due to the significant economic benefit of using lignite for power generation, we expect that Foster Wheeler CFB technology will be the technology of choice for future power projects in the country.”

“We are happy to have this opportunity to work in collaboration with Foster Wheeler on this important project in Turkey,” said Mr. Guo Yu, Chairman of the Board and the President of the Harbin Electric International Co. Ltd. (HEI). “With the combination of HEI’s knowledgeable and experienced engineering management and the cutting-edge technology of Foster Wheeler’s CFB, we are certain this project will mark a new trend for power in Turkey.”

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, minerals 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 website at www.fwc.com.

Source: Foster Wheeler AG

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