Foster Wheeler subsidiary has been given a limited notice to proceed (LNTP) by GS Engineering and Construction for the design of one circulating fluidized-bed (CFB) steam generator.
The CFB will be used for the Green Energy Center build, transfer, operate project of Daegu Metropolitan City, South Korea.
Foster Wheeler expects to finalize the contract and to receive full notice to proceed assuming all negotiations with Daegu Metropolitan City are complete in the first quarter of 2012.
The terms of the agreement were not disclosed, and the value of the LNTP will be included in the company's fourth-quarter 2011 bookings.
Commercial operation of the new steam generator is scheduled to begin by the end of 2014.
Foster Wheeler will design one CFB steam generator for the project.
The CFB steam generator will be designed to burn 380 tons/day of refuse derived fuel (RDF) while meeting applicable environmental regulatory requirements.