$22 million for FW

News

Subsidiaries of Foster Wheeler’s Global Power Group have been awarded a $22 million contract by a unit of SINOPEC to supply two 75 MWe circulating fluidised-bed boilers.

announced today that subsidiaries of its Global Power Group have been awarded a contract by a unit of China’s

to supply two 75 MWe circulating fluidised-bed boilers.

The boilers will be built at Qingdao Refinery & Chemical in Shandong Province, China.

Foster Wheeler's contract is valued at approximately $22 million and will be included in first-quarter 2006 bookings.

The petroleum coke-fired boilers will be designed by Foster Wheeler International Engineering & Consulting (Shanghai) and manufactured by Foster Wheeler Power Machinery at its facility in Xinhui, China.

The Qingdao project, located on the eastern coast of Shandong Province, is part of SINOPEC's continuing program of refinery expansion.

The boilers will be similar in design to Foster Wheeler boilers currently under construction at SINOPEC's Yanshan Petrochemical Plant. Commissioning of the Qingdao boilers is anticipated in 2007.

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