9 February 2010 - Foster Wheeler AG said that a unit of its Global Power Group was awarded a contract by Lilama Corporation, a Vietnamese EPC contractor, for the design and supply of two steam surface condensers and auxiliary equipment for the Vung Ang Thermal Power Plant in Vietnam.
The 2 x 600 MW coal-fired power plant will be located in Ha Tinh Province on the north central coast of Vietnam. The project is being built by investments from the Vietnam National Oil and Gas Group (PetroVietnam) as part of the National Power Development Plan for the 2006-2015 period.
Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s first-quarter 2010 bookings. Commercial operation of the first unit is scheduled for the second quarter of 2012 with the second unit coming online in the first quarter of 2013.