Foster Wheeler Awarded Two Circulating Fluidized-Bed Boilers for Cam Pha Power Plant in Vietnam.

HAMILTON, Bermuda -- Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that Foster Wheeler North America Corp., an operating unit of its Global Power Group, has been awarded a contract by Harbin Power Engineering Company, Ltd. (HPE) for the design of two 545 tons per hour sub-critical circulating fluidized-bed (CFB) steam generators for the Cam Pha Power Plant Power Project in Cam Pha, Vietnam.

The contract, valued at approximately $12 million, calls for Foster Wheeler to provide HPE, a subsidiary of Harbin Power Plant Equipment Group Corporation, with two 150 megawatt (MWe, net) CFB boilers to be used at the Cam Pha power station. The two boilers are designed to use waste anthracite and slurry and will provide steam to a single 300 MWe reheat turbine.

The award will be included in Foster Wheeler's third-quarter 2006 bookings.

"We are delighted with this important award which combines Foster Wheeler's advanced CFB technology with our partners in China for a project in Vietnam," said Gary Nedelka, chief executive officer of Foster Wheeler North America and Power Group Asia.

Construction at the site is expected to begin in the second quarter of 2007, with commercial operation scheduled for mid-2009.

Notes to Editors:

1. Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the refining, upstream oil and gas, LNG and gas-to-liquids, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, visit our Web site at http://www.fwc.com.

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