Foster Wheeler Awarded Contract to Supply Solar Steam Generator System

Foster Wheeler AG FWLT announced today that a subsidiary of its Global Power Group has been awarded a contract to design and supply a solar steam generator system including interconnecting piping, valves, primary I&C, steel structures, and site advisory services for a plant located in Abu Dhabi, United Arab Emirates. 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 third-quarter 2010 bookings. The equipment delivery is scheduled for the third quarter of 2011.