Foster Wheeler to supply CFB steam generators for 'green' power project in Korea
Global contractor Foster Wheeler said it was given a limited notice to proceed by Hyundai Engineering and Construction to design and supply four supercritical circulating fluidized-bed (CFB) steam generators for the Samcheok Green Power project of Korea Southern Power Co. (KOSPO).
The terms of the agreement were not disclosed, and the value will be included in the company's second-quarter 2011 bookings, officials said.
Foster Wheeler said it expects to finalize the contract and to receive full notice to proceed in June, at which time the full value of the contract will be booked. Commercial operation of the new steam generators is scheduled to begin in June 2015.
Foster Wheeler will design and supply four 550 MWe (gross megawatt electric) supercritical CFB steam generators and provide site advisory and commissioning services for the project, it said.
The CFB steam generators will be designed to burn coal mixed with biomass while meeting all environmental regulatory requirements.
"This project, the first Foster Wheeler supercritical CFB steam generators to be supplied into the Korean power market, represents a new era of green power generation for the future in Korea," said Gary Nedelka, CEO of Foster Wheeler’s global power group.
"Our supercritical CFB technology combines the benefits of CFB combustion - burning a wide range of solid fuels including biomass - with the high efficiency of supercritical steam," he added. "The end result for the client is an extremely efficient, low-emission plant that operates with reduced levels of fuel consumption compared to conventional subcritical steam generators.”
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