Foster Wheeler subsidiary enters into licensing agreement with EPIL

2 November 2011 (Last Updated November 2nd, 2011 18:30)

A subsidiary of Foster Wheeler has entered into an agreement with Essar Projects India (EPIL) for the provision of technology licence for utility sized circulating fluidised-bed (CFB) steam generators.

A subsidiary of Foster Wheeler has entered into an agreement with Essar Projects India (EPIL) for the provision of technology licence for utility sized circulating fluidized-bed (CFB) steam generators.

The CFB generators will be sold in India under the terms of the 20-year agreement.

The value of the contract has not been disclosed.

Gary Nedelka, Foster Wheeler Global Power Group CEO, said this agreement will allow Foster Wheeler to further demonstrate world-class utility CFB technology and provide it with full access to the fast-growing power market in India.