Nov 16, 2007

Lukoil Awards Foster Wheeler CFB Contract for Romania Refinery

Foster Wheeler Ltd. announced that a subsidiary of its Global Power Group has been awarded a contract for a 70 MWe (gross megawatt electric) circulating fluidized-bed (CFB) steam generator by Lukoil Energy & Gas Romania s.r.l., a subsidiary of Lukoil OAO. The new combined heat and power plant will be located in Lukoil's oil refinery in Ploiesti, Romania.

Foster Wheeler has received a full notice to proceed on this contract. The terms of the contract, which were not disclosed, will be included in the company's fourth-quarter 2007 bookings.
Foster Wheeler will design and supply the CFB steam generator and auxiliary equipment for the boiler island. The plant will be designed to burn petcoke and up to 20% heavy fuel oil. Commercial operation is scheduled for early in 2010.


"We are very pleased to be given this opportunity by Lukoil, one of Russia's largest vertically integrated oil companies," said James E. Stone, president and chief executive officer of Foster Wheeler Power Group Europe. "The award is further evidence that the fuel flexibility of CFBs appeals to clients globally across a full spectrum of power generation needs in a wide variety of utility and industrial applications."

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