Foster Wheeler Awarded Longview Power Contract

A Foster Wheeler Ltd subsidiary within its Global Power Group has been awarded a contract from Longview Power, LLC ("Longview") for the design and supply of a supercritical once-through pulverized coal (PC) steam generator. The generator is for Longview's coal-fired generating facility located in Monongalia County, West Virginia. Longview is a 100 percent-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 has received an immediate limited notice to proceed. The total contract, which is valued at approximately $200 million, calls for Foster Wheeler to provide Longview with a 695 (net) megawatt electric (MWe) state-of-the-art PC steam generator utilizing Siemens advanced BENSON vertical tube supercritical steam technology. The steam generator will fire local bituminous coal from the adjacent MEPCO coal mine and provide steam to a single supercritical reheat turbine. The advanced supercritical steam technology will produce electricity very efficiently making this plant one of the cleanest solid fuel plants in the nation. Construction of the boiler is expected to begin in the spring of 2007, with commercial operation of the plant scheduled for the spring of 2011.

"We are pleased to accept this strategic award. This new power plant represents a win for U.S. energy security, the environment and the West Virginia economy while underscoring our client's confidence in this advanced, clean, fuel-efficient steam generator technology," said Gary Nedelka, chief executive officer of Foster Wheeler North America Corp. "This is another example of Foster Wheeler's commitment to supply cost-effective twenty-first century solutions to support our clients in the power industries."

"We are very excited to commence construction of the Longview plant in West Virginia," said Bob Place, CEO of GenPower Holdings. "Longview will be a state-of-the-art facility producing approximately 700 MW of clean, coal-fired energy to the region. In addition, construction and operation of the facility will provide highly skilled employment opportunities to West Virginia and Monongalia County in particular."

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Posted 05/02/07

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