Foster Wheeler Energia
has been awarded an engineering, procurement and construction contract by Greek electricity utility,Public Power Corporation
(PPC), for a 100 MWe heavy-oil-fired power plant.
The two-train plant, scheduled for completion in early 2008, will be designed and built by Foster Wheeler and its Greek construction partner, Athena, near the city of
The value of Foster Wheeler's scope is approximately €46 million, and was included in the company's third-quarter 2005 bookings. The total value of the award for the consortium is approximately €86 million.
"Foster Wheeler is very pleased to lead the consortium awarded this contract by PPC. This is our Global Power Group's first win in
Public Power Corporation is
's primary electric utility, providing 96% of the country's electricity.