Foster Wheeler Wins Contracts to Supply 100 Megawatts of Concentrated Solar Technology in Spain

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Researched by Industrial Info Resources (Sugar Land, Texas)--Foster Wheeler AG (NASDAQ:FWLT) (Geneva, Switzerland) has been awarded contracts to supply solar steam generators for two parabolic-trough power plants in Spain.

The first steam generator will go to La Africana plant in Córdoba, in the Andalusia region. The scope of supply for this 50-megawatt (MW) project includes the delivery of steam generation components for a single-train thermal plant. Africana Energia SL (Córdoba) is acting as engineering, procurement and construction (EPC) contractor for the project. According to the contract signed, Foster Wheeler will deliver feedwater heaters, preheaters, evaporators, superheaters and reheaters in the second quarter of 2012. The equipment will be integrated into a concentrated parabolic-trough thermal solar plant using molten salts to store the sun's energy, allowing for additional hours of plant operation without sun radiation. The company will also provide advisory services during the plant's commissioning phase.

The second contract Foster Wheeler has closed is with Grupo Ibereolica (Madrid, Spain). The company is building the 50-MW Olivenza plant in Extremadura. The power plant consists of two 25-MW trains and utilizes concentrated parabolic-trough technology with thermal oil as the heat transfer fluid. Foster Wheeler will provide the same equipment and services as in the first contract. The delivery is scheduled to take place in the second quarter of 2012. The terms of the agreements were not disclosed, but the values of the contracts were included in the company's first-quarter 2011 financial results.

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