Foster Wheeler Awarded Contract to Supply Solar Steam Generator System in UAE

Foster Wheeler AG (Nasdaq: FWLT) announced that a subsidiary of its Global Power Group has been awarded a contract to design and supply a solar steam generator system (preheaters, drum-type evaporators, and superheaters) including interconnecting piping, valves, primary I&C, steel structures, and site advisory services for a Concentrating Solar Power plant located in Abu Dhabi, United Arab Emirates (UAE).

The equipment will be integrated into a solar thermal power plant using concentrated parabolic trough technology and will have an installed power output capacity of 100 MWe (gross megawatt electric).

Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value was included in the company’s third-quarter 2010 bookings. The equipment delivery is scheduled for the third quarter of 2011.

This solar thermal power plant represents one of the first steps toward the introduction of sustainable energy sources in the region, representing a strategic development for this country, said Eric Svendsen, chief executive officer of Foster Wheeler Energia, S.L. in Madrid. The expanded `boiler island scope for the project’s solar steam generation equipment reflects our client´s recognition of and confidence in Foster Wheeler´s technology and execution leadership in the solar power market.

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 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups.