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Stock Market & Financial Investment News

News Breaks
February 21, 2013
05:50 EDTFWLTFoster Wheeler awarded study contract by ETI to assess poser systems in UK
Foster Wheeler announced that its Global Engineering and Construction Group has been awarded a study contract by the Energy Technologies Institute, or ETI. The five-month-long study will assess the economics of flexible power generation systems which involve the production of hydrogen from coal, biomass or natural gas, the intermediate storage of hydrogen and the production of power in flexible turbines. Foster Wheeler will execute the study in collaboration with the British Geological Survey. The value of Foster Wheeler's contract was not disclosed and will be included in the company's Q1 bookings.
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August 20, 2014
07:31 EDTFWLTFoster Wheeler awarded contract for heat recovery steam generator in Mexico
Foster Wheeler AG announced that a subsidiary of its Global Power Group has been awarded a contract by Iberdrola, for the design and supply of a heat recovery steam generator. The unit will be installed at a cogeneration plant that Iberdrola is building at the Kimberly Clark de Mexico Ramos Arizpe Facility in Coahuila, Mexico. Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s third-quarter 2014 bookings. Foster Wheeler will design and supply the HRSG and provide advisory services for erection and start-up of the unit, which will incorporate a dual pressure level design with the capability to produce steam with or without combustion turbine operation. The HRSG will be coupled to a GE LM6000PH combustion gas turbine. Commercial operation of the HRSG is scheduled to begin during the first quarter of 2016.

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