FWLT (MM)

Amec Foster Wheeler today announces that BHI Co., Ltd., a licensee of its Global Power Group, has been awarded a contract by a prominent US power producer to design and supply two Heat Recovery Steam Generators (HRSGs) in the United States. The HRSGs will be part of a large power plant expansion in the Northeast region of the US.

Commercial operation of the units is scheduled for the second quarter of 2017.

Amec Foster Wheeler will act as a subcontractor to BHI on this project providing a liaison project manager, technical advisor services, and warranty support. The HRSG design is based on an updated frame 7 style gas turbine with a large supplemental duct firing system. BHI offers HRSGs, pulverized coal (PC) boilers, circulating fluidized bed (CFB) boilers and oil and gas boilers all utilizing Foster Wheeler’s proven technology.

“Since 2005, we have been building a strong team with sound technical knowledge to design, supply and execute reliable HRSGs,” said David J. Parham, Senior Vice President, Amec Foster Wheeler Global Power Group. “We are fully committed to supporting BHI during project execution and seamlessly providing aftermarket support for this project.”

Woo Jong-Ihn, President, BHI Co., Ltd added: “BHI is pleased to be making an important contribution by supplying environmentally friendly and cost-effective HRSGs to the US market. We are honoured with this award -- our first in the US.”

Notes to editors:

1.

 

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

  With pro-forma 2013 annualised scope revenues of £5.5 billion and over 40,000 employees in more than 50 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.   Amec Foster Wheeler’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services.   Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.  

2.

BHI Co., Ltd. (www.BHI.co.kr) is engaged in the engineering, production, erection and sale of heat exchangers and boilers in South Korea and internationally. The company was formerly known as Bumwoo Eng Co., Ltd. and changed its name to BHI Co., Ltd. in March 2009. BHI Co., Ltd. was incorporated in 1998 and is based in Haman-Gun, South Korea.

 

Forward-Looking Statements

This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.

Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.

Amec Foster WheelerLauren Gallagher, +1-602-757-3211lauren.gallagher@amecfw.comorFrank Stokes, +44 (0)7712 008356frank.stokes@amecfw.com