New power plant for Crete

News

Foster Wheeler Energia has been awarded an engineering, procurement and construction contract by Greek electricity utility, Public Power Corporation, for a 100 MWe heavy-oil-fired power plant.

Foster Wheeler Energia

has been awarded an engineering, procurement and construction contract by Greek electricity utility,

Public Power Corporation

(PPC), for a 100 MWe heavy-oil-fired power plant.

The two-train plant, scheduled for completion in early 2008, will be designed and built by Foster Wheeler and its Greek construction partner, Athena, near the city of Sitia, on the island of Crete. Foster Wheeler will design and construct the power island for the new facility.

The value of Foster Wheeler's scope is approximately €46 million, and was included in the company's third-quarter 2005 bookings. The total value of the award for the consortium is approximately €86 million.

"Foster Wheeler is very pleased to lead the consortium awarded this contract by PPC. This is our Global Power Group's first win in Greece and it opens up an important new market for Foster Wheeler," said Boguslaw Piekarski, president and chief executive officer, Foster Wheeler Energia.

Public Power Corporation is

Greece

's primary electric utility, providing 96% of the country's electricity.