Agreement for pulverised-coal steam generators

Foster Wheeler has announced that a subsidiary of its Global Power Group has entered into a 20-year agreement with the Saraswati Industrial Syndicate to provide an advanced technology licence for wall-fired subcritical and supercritical pulverised-coal steam generators to be sold in India.

The terms of the agreement were not disclosed. The contract value will be included in the company’s third-quarter 2010 bookings and future royalty payments will be recorded over the life of the agreement.