Amec Foster Wheeler wins power generation contract

Energy and mining engineering group Amec Foster Wheeler has won a power generation contract for a new power plant in the Philippines.

The FTSE 250 company has been tasked with designing and supplying two circulating fluidized-bed (CFB) steam generators for Aboitiz Power´s new power plant. The installation, located in the central province of Cebu, is expected to start operating in early 2018.

The contract, the value of which was not disclosed, was awarded by Hyundai Engineering for Therma Visayas, a subsidiary of Aboitiz Power.

Amec Foster Wheeler will deliver two 150MWe steam generators for the power plant's boiler island and provide onsite technical advisory services.

"Our CFB steam generators are designed to cleanly and efficiently burn fuels to allow them to meet the strictest environmental standards," said Gary Nedelka, the president of Amec Foster Wheeler's Global Power Group.

"We are pleased again to be able to help meet the growing power demands in the Philippines in an environmentally friendly manner."

The stock was down 0.6% at 931.5p early on Tuesday.