Foster Wheeler to Supply Condensers to Lilama for Thermal Power Plant in Vietnam
February 09 2010 - 8:53AM
Business Wire
Foster Wheeler AG (Nasdaq: FWLT) announced today that a
subsidiary of its Global Power Group has been awarded a contract by
Lilama Corporation, a Vietnamese EPC contractor, for the design and
supply of two steam surface condensers and auxiliary equipment for
the Vung Ang Thermal Power Plant in Vietnam.
The 2 x 600 MWe coal-fired power plant will be located in Ha
Tinh Province on the north central coast of Vietnam. The project is
being built by investments from the Vietnam National Oil and Gas
Group (PetroVietnam) as part of the National Power Development Plan
for the 2006-2015 period.
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 first-quarter 2010
bookings. Commercial operation of the first unit is scheduled for
the second quarter of 2012 with the second unit coming online in
the first quarter of 2013.
“We are proud to be awarded this opportunity to work with Lilama
for this important project,” said Gary Nedelka, president and chief
executive officer of Foster Wheeler Global Power Group. “Lilama is
a leading EPC contractor in Vietnam serving the power industry and
we believe this project will be the beginning of a successful
relationship between our companies in providing high quality
equipment to meet the needs of the rapidly expanding Vietnamese
power sector.”
“Lilama and Foster Wheeler have had a long-standing relationship
and we are pleased to have Foster Wheeler supply the condensers for
the Vung Ang Project,” said Pham Hung, chief executive officer of
Lilama Corporation. “Foster Wheeler is a global company with
world-class technologies and we look forward to future cooperation
between our two companies in serving the growing Vietnam power
market.”
Foster Wheeler AG is a global engineering and construction
contractor and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
approximately 14,000 talented professionals with specialized
expertise dedicated to serving its clients through one of its two
primary business groups. The company’s Global Engineering and
Construction Group designs and constructs leading-edge processing
facilities for the upstream oil and gas, LNG and gas-to-liquids,
refining, chemicals and petrochemicals, power, environmental,
pharmaceuticals, biotechnology and healthcare industries. The
company’s Global Power Group is a world leader in combustion and
steam generation technology that designs, manufactures and erects
steam generating and auxiliary equipment for power stations and
industrial facilities and also provides a wide range of aftermarket
services. The company is based in Zug, Switzerland. For more
information about Foster Wheeler, please visit our Web site at
www.fwc.com.
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