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 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.