ZUG, Switzerland--(BUSINESS WIRE)- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by SCS Proyectos, S.A.P.I. de C.V. for the design and supply of two heat recovery steam generators (HRSGs) to be installed in a cogeneration power plant for the TEREFTALATOS MEXICANOS S.A. DE C.V. TOP 1002 Cogeneration Project in Cosoleacaque, Veracruz, Mexico. The plant is owned by Cogeneración de Energía Limpia de Cosoleacaque, S.A. de C.V.
Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value was included in the company's second-quarter 2012 bookings.
Foster Wheeler will design, supply and provide advisory services for erection and start-up of the two HRSGs, which will be coupled to two LM 6000PF combustion turbines. Delivery of the HRSGs is scheduled for mid-2013.
"This award demonstrates Foster Wheeler's state-of-the-art design and competitiveness in the heat recovery steam generator market," said Jesús Martí Sanz, Chief Executive Officer of Foster Wheeler Energia, S.L. in Madrid. "Mexico is an important market for Foster Wheeler and our value-added solution -- performance, reliability and service -- is a perfect match for our customer's needs."
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