Foster Wheeler Awarded EPCm Contract by Sasol for OBL Portion of Gas Engine Power Plant in South Africa

25/10/2011


ZUG, Switzerland, Oct 26, 2011 (BUSINESS WIRE) -- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has received an engineering, procurement and construction management (EPCm) services contract from Sasol New Energy Holdings (Proprietary) Limited for the outside battery limit (OBL) portion of a new gas-fired power generation plant at Sasolburg, South Africa. Sasol has stated that this project is expected to raise its electricity self-sufficiency to 840 megawatt electric (MWe) or 60% of its overall power draw, and forms part of a broader plan within the Sasol group to reduce its carbon dioxide emissions and bolster power self-sufficiency in the light of South Africa's tightening electricity supply/demand balance.

The Foster Wheeler contract value for this project was not disclosed and will be included in the company's third-quarter 2011 bookings.

Foster Wheeler's scope will include the earthworks for the entire outside battery limit site; an access road; utility connections; 15/88kV step-up transformers and an 88kV substation with associated electrical infrastructure and network system. Foster Wheeler's workscope is scheduled for completion during the third quarter of 2012.

"We executed the feasibility study for this project and are very pleased that Sasol has now awarded us this EPCm contract," said Umberto della Sala, Chief Operating Officer of Foster Wheeler AG. "This award, which follows our recently announced EPCm win for the Sasolburg Utilities Expansion, is not only significant in that it highlights Sasol's continued confidence in our South African operation but it also demonstrates our expertise in power generation projects and confirms our ability to provide comprehensive support to our clients in meeting their objectives in all aspects of their business."

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 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 Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at http://www.fwc.com.

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SOURCE: Foster Wheeler AG

Foster Wheeler AG
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