Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Power Group was awarded a contract to design, supply and provide consulting services for a couple of sets of solar steam generators (preheaters, kettle type evaporators, superheaters and reheaters) as well as low pressure and high pressure feedwater heaters.The contract was awarded by the Engineering, Procurement and Commissioning contractor, a joint venture created by the Spanish companies SENER and COBRA.
The equipment will be incorporated into the Valle 1 & Valle 2 Solar Thermal Power Plants, located in San José del Valle (Cadiz, Spain). The plants are owned by Torresol Energy, a company created by the Spanish SENER (60%) and the Abu Dhabi-based company Masdar (40%). Total installed power capacity is of 50 Megawatts for each plant.
Earlier, Foster Wheeler was awarded a feasibility study and front-end engineering design contract by the Ministry of Oil in Iraq for installation of a new refinery at Nassiriya in southern Iraq. The proposed refinery will have a capacity of 300,000 barrels per day. Foster Wheeler will design the configuration of the new refinery to meet the processing objectives, evaluate alternative available technologies, prepare a feasibility report and the basis of design of refinery facilities, engage the selected contractors and prepare the layout and design for the total project.
We believe that the world demand for energy will continue to grow over the long term and that clients will continue to invest in new and upgraded capacity to meet that demand. In that regard, FWLT was successful in booking contracts for front-end engineering work, which is frequently the precursor to significant work for engineering, procurement and construction.FWLT continues to be successful in booking contracts of varying types and sizes in key end markets, including a very large award for the engineering, procurement and construction of a new refinery in India. The company’s success in this regard is a reflection of its technical expertise, its long-term relationships with clients, and its selective approach in pursuit of new prospects where it believes it has significant differentiators.
Longer-term, we believe that world demand for electrical energy will continue to grow and that solid-fuel-fired steam generators will continue to fill a significant portion of this incremental generating capacity. The fuel-flexibility of CFB steam generators enables them to burn a variety of fuels other than coal and to produce carbon-neutral electricity when fired by biomass. In addition, the company’s steam generators can be designed to incorporate supercritical technology, which significantly improves efficiency and reduces emissions.
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