Turkish power market to benefit from boiler island, CFB scrubber contract

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ZUG, SWITZERLAND, Feb. 11, 2014 -- Harbin Electric International Co. Ltd. (HEI) awarded a contract to a subsidiary of Foster Wheeler AG's (Nasdaq: FWLT) Global Power Group for the design and supply of two circulating fluidized-bed (CFB) boiler islands and flue gas scrubbers for HIDRO-GEN Energy Import, Export, Distribution and Trading Inc. -- a subsidiary of Kolin Group of Companies.

Foster Wheeler has received a full notice to proceed on this contract, and HEI is acting as EPC contractor for HIDRO-GEN's power project to be built near the town of Soma in Turkey. The terms of the agreement were not disclosed, and the contract value will be included in the company's bookings for the first-quarter of 2014. Commercial operation of the new steam generators is scheduled for the beginning of 2017.

Foster Wheeler will design and supply two 255 MWe (gross megawatt electric) steam generators and auxiliary equipment for the boiler islands, flue gas cleaning systems with Foster Wheeler CFB scrubbers as well as technical advisory services during erection and commissioning. The CFB boilers will be designed to burn local lignite.

"This is the largest CFB project yet to be awarded in Turkey, and Foster Wheeler is looking to a bright future within the Turkish power market," said Tomas Harju-Jeanty, CEO of Foster Wheeler Energia OY Group. "Due to the significant economic benefit of using lignite for power generation, we expect that Foster Wheeler CFB technology will be the technology of choice for future power projects in the country."

See also:

"Foster Wheeler to supply biomass-fired boiler island in Poland"

"Foster Wheeler awarded contract for two circulating fluidized-bed steam generators in Vietnam"

About Foster Wheeler

Foster Wheeler is a global engineering, procurement, construction company and power equipment supplier, with a reputation for safe, on-time, on-budget delivery of high quality, reliable, technically advanced energy and industrial infrastructure and facilities. The company is a global conglomerate with its principal executive offices in Reading, UK, and its registered office in Baar, Canton of Zug, Switzerland. For more information, visit www.fwc.com.

About Harbin Electric International

Harbin Electric InternationalCo., Ltd. (HEI) is an important member of HE Group, and is China's leading large-scale enterprise in power project contracting and export of power equipment. Established in 1983, HEI is primarily engaged in the supply of complete sets of equipment, the undertaking of EPC projects, and the construction of relative substation, transmission lines, and other utilities in the area of thermal power plants, hydropower station projects, combined-cycle power plant and windpower project. For more information, visit www.china-hei.com.

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