Consultancy company receives generator go ahead

Foster Wheeler is set to provide Longview with a 695MW electric PC steam generator utilising Siemens advanced Benson vertical tube supercritical steam technology

A Foster Wheeler subsidiary within its Global Power Group has received a full release to proceed on its contract from Longview Power, LLC (Longview) for the design and supply of a supercritical once-through pulverised-coal (PC) steam generator for Longview's coal-fired generating facility located in Monongalia County, West Virginia.

Longview is a 100%-owned subsidiary of GenPower Holdings, L.P., which is jointly owned by GenPower, LLC and First Reserve Corporation.

The Longview plant will be one of the largest private investments in the history of West Virginia.

Foster Wheeler announced the receipt of a limited notice to proceed on January 30, 2007.

This full notice to proceed authorises Foster Wheeler to execute the entire scope of the project as defined by the contract.

The total contract value of approximately $200 million will be included in Foster Wheeler's first-quarter 2007 bookings.

The contract calls for Foster Wheeler to provide Longview with a 695MW electric PC steam generator utilising Siemens advanced Benson vertical tube supercritical steam technology.

"We congratulate GenPower and First Reserve on reaching this important milestone", said Gary Nedelka, Chief Executive officer of Foster Wheeler North America.

"We look forward to delivering a successful project that meets the growing power demands of the region in an environmentally responsible manner".

"We are very pleased that the project has achieved this milestone and that we are finally able to release Foster Wheeler's full execution team to support this very important project in the state of West Virginia", said Bob Place, CEO of GenPower Holdings.

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