Foster Wheeler to set up heat recovery steam generators for Saudi power project

10 September 2014 (Last Updated September 10th, 2014 18:30)

Foster Wheeler has announced that a subsidiary of its Global Power Group has won a contract from Al-Toukhi Company for the design and delivery of four heat recovery steam generators (HRSGs).

Foster Wheeler has announced that a subsidiary of its Global Power Group has won a contract from Al-Toukhi Company for the design and delivery of four heat recovery steam generators (HRSGs).

These units will be installed at Saudi Electricity Company's (SEC) Hail Power Plant in the Kingdom of Saudi Arabia.

Foster Wheeler said that it has secured a full notice to commence work on this deal.

The financial terms of the deal have not been disclosed; however, Foster Wheeler will include the contract value in the bookings of the third quarter of fiscal 2014.

In addition to design and supply of the vertical design HRSGs, Foster Wheeler will provide advisory services for erection and start-up of these units.

The Hail project includes conversion to combined cycle of four existing Siemens SGT-2000 combustion turbines, and firing Arabian light oil by adding one steam turbine and four HRSGs.

Following this conversion, the power generation is expected to increase by 147MW, without increasing the consumption of fuel.

"Following this conversion, the power generation is expected to increase by 147MW."

Foster Wheeler's Environmental and Industrial Group Chief Executive Officer Byron Roth said: "Foster Wheeler is pleased to supply these HRSGs for SEC's Hail 2 project featuring our improved state-of-the-art design for vertical HRSGs.

"With more than 80 years of HRSG experience, we are confident our HRSG solutions best meet the project goals of our customers."

Currently, Foster Wheeler is in the process of being acquired by UK-based oil and gas engineering firm Amec, which made a $3.3bn offer for the company early this year.

With operations spread across the world, Foster Wheeler has been working in Saudi Arabia and the UAE since the 1970s.

With this acquisition, Amec plans to expand its overseas and fuel-product business.

Energy