Foster Wheeler Italiana
has been awarded an engineering, procurement and construction (EPC) contract by Voreas for a new wind farm at Pietramontecorvino, in Southern Italy. Foster Wheeler Italiana owns a 50 percent equity interest in Voreas.
The terms of the contract award, which will be included in Foster Wheeler's third-quarter 2006 bookings, were not disclosed.
The new 48 megawatt (MW) wind farm will be comprised of 24 wind turbine generators. The new wind farm is expected to be completed by the end of 2007.
The plant is expected to sell its power output in the new liberalised Italian power market and is also expected to sell Green Certificates for the first twelve years of operation, in accordance with recently enacted Italian legislation aimed at encouraging electricity production from renewable sources.
According to Foster Wheeler, a Green Certificate is an official record proving that a specified amount of electricity has been generated from renewable sources. Green certificates represent the environmental value of renewable energy production and can be traded separately from the energy produced.
Separately, Foster Wheeler North America Corporation has been awarded a contact worth approximately $12m by Harbin Power Engineering Company (HPE).
The contract calls for the design of two 545 tons per hour sub-critical circulating fluidised-bed (CFB) steam generators for the Cam Pha Power Plant Power Project in Cam Pha, Vietnam.
Foster Wheeler will provide HPE, a subsidiary of Harbin Power Plant Equipment Group Corporation, with two 150 megawatt (MWe, net) CFB boilers to be used at the Cam Pha power station. The two boilers are designed to use waste anthracite and slurry and will provide steam to a single 300MWe reheat turbine.
Construction at the site is expected to begin in the second quarter of 2007, with commercial operation scheduled for mid-2009.
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