Foster Wheeler Awarded Two Solar Steam Generator Contracts in Spain


ZUG, Switzerland, Aug 24, 2011 (BUSINESS WIRE) -- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded contracts to supply solar steam generator systems to two separate solar projects in Spain.

The first of the two contracts is with UTE Africa Solar, the Engineering, Procurement and Construction (EPC) contractor for the La Africana Solar Thermal Power Plant, located in Fuente Palmera (Cordoba, Spain) to supply steam generating components (feedwater heaters, preheaters, evaporators, superheaters, and reheaters) for a single 50 MWe train thermal plant. The equipment will be integrated into a concentrated parabolic trough thermal solar plant using molten salts to store the sun's energy and provide additional hours of plant operation without sun radiation. The equipment delivery is scheduled for second-quarter 2012. Foster Wheeler will also provide site advisory services during the plant's commissioning phase.

The second of the two contracts is with UTE Termosolar Olivenza (a joint venture created by Acciona and Seridom), the EPC contractor for the Olivenza Solar Thermal Power Plant, located in Olivenza (Badajoz, Spain) to supply a similar scope as that of the La Africana project. This 50 MWe plant consists of 2 x 25 MWe trains and also utilizes concentrated parabolic trough technology with thermal oil as the heat transfer fluid. The equipment delivery is scheduled for first-quarter 2012.

Foster Wheeler has received full notices to proceed on both contracts. The terms of the agreements were not disclosed, and the contract values were included in the company's first-quarter 2011 bookings.

"Undoubtedly, these awards are recognition of our commitment to solar energy and our client's confidence in Foster Wheeler as a reliable thermal solar equipment supplier," said Jesús Martí, Chief Executive Officer of Foster Wheeler Energia, S.L. in Madrid. "Since 1973 we have been a leader in the solar thermal power market and are thrilled to be a part of its fast paced future."

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

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SOURCE: Foster Wheeler AG

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