Foster Wheeler to Supply Biomass-Fired Boiler Island in Poland

07/09/2009


ZUG, Switzerland--(BUSINESS WIRE)--Sep. 8, 2009-- Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by ZE PAK S.A. for the design, supply and erection of a 55 MWe biomass-fired circulating fluidized-bed (CFB) boiler island for the Konin Power Station in Poland.

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 third quarter of 2009. Commercial operation of the new steam generator is scheduled for the first quarter of 2012.

Foster Wheeler will design and supply the steam generator and auxiliary equipment, and will carry out the erection and commissioning of the boiler island. The steam generator will be designed to burn wood biomass and up to 20% agro biomass.

-The fuel flexibility of Foster Wheeler’s CFB technology provides an excellent solution for biomass power generation because it can accommodate a wide range of fuels. When combined with the CFB’s demonstrated ability to reduce emissions, as compared to conventional boilers, this fuel flexibility enables the unit to operate with minimal environmental impact,” said Jarosław Mlonka, president and chief executive officer of Foster Wheeler Energia Polska. -Our CFB product offering supports PAK’s strategy of green energy production.”

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 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, 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 are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

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Source: Foster Wheeler AG

Foster Wheeler AG
Media:
Maureen Bingert, 908-730-4444
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Jan Rogers, 908-713-3288
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