Thursday, Foster Wheeler, Ltd. (FWLT, FWLTW) announced that its Finnish subsidiary Foster Wheeler Energia Oy has been awarded a contract by Prokon Nord Energiesysteme GmbH for a 26 gross megawatt electric or MWe circulating fluidized-bed or CFB steam generator.
Foster said terms of the award were not disclosed, and the contract will be included in the company's bookings for the second quarter of 2008. The new biomass-fired CFB will be owned by A&S Energy and will be located in Oostrozebeke, Belgium. Foster will design and supply the steam generator and auxiliary equipment. Commercial operation of the new boiler is scheduled for the autumn of 2010.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.