$200 million CFB contract

News

Foster Wheeler subsidiaries in Finland and Poland have been awarded $200 million to design and supply the circulating fluidised-bed boiler island for a new 460 MWe power plant in Poland.

has received a contract from

's Poludniowy Koncern Energetyczny (PKE) for the design and supply of the circulating fluidised-bed (CFB) boiler island for a new $550 million, 460 MWe power plant in

.

The contract is valued at approximately $200 million, of which $175 million will be included in Foster Wheeler's fourth-quarter 2005 bookings.

"This boiler island represents a double world-first: the world's largest CFB boiler and the world's first supercritical CFB unit," said Bernard H. Cherry, chief executive officer of Foster Wheeler's Global Power Group. "The project marks a crucial step forward in bringing our CFB boiler technology to utility scale.”

The new Lagisza unit, due for start-up at the beginning of 2009, will be built alongside PKE's existing 840 MWe power station at Lagisza, and is part of an ongoing program by PKE, one of Poland's largest electricity utilities, to replace outdated capacity with modern, high-efficiency, environmentally friendly technologies.

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