Foster Wheeler awarded contract to supply two CFB boilers to power plant in Poland.

CLINTON, N.J.--(BUSINESS WIRE)--April 30, 1997--A consortium of Foster Wheeler Energy FAKOP Ltd., Poland, and Foster Wheeler Energia Oy, Finland, has been awarded a US $60 million contract by the Polish power company Elektrownia Jaworzno III S.A. to supply two CFB boilers to the company's power plant in Jaworzno, Poland.

Foster Wheeler Energy FAKOP and Foster Wheeler Energia Oy are operating companies of United States-based Foster Wheeler Energy International Inc.

Foster Wheeler will supply two coal-waste-fired 70 MWe CFB boilers on a turnkey basis. Foster Wheeler's substantial experience in burning coal waste, fuel flexibility and the high availability of the company's CFB technology were crucial factors in winning the contract.

The new boilers will replace two existing pulverized-coal-fired boilers, reducing considerably emissions in the area. The project, scheduled to start immediately, will be completed late in 1999.

A significant part of the products and services for the project will be procured from Polish sources. The pressure parts of the CFB boilers will be manufactured in Poland by Foster Wheeler Energy FAKOP in its manufacturing facility in Sosnowiec.

The CFB boilers Foster Wheeler will supply to Jaworzno represent the latest state-of-the-art technology. The key difference between the FW CFB design and a standard CFB is FW's integrated water-cooled separator. The separator, which is joined to the furnace without expansion joints, is fabricated with flat walls constructed from conventional water-cooled membrane panels and covered with a thin refractory lining. This construction requires less room and has significantly lighter refractory. Less weight, less steel and less building volume result in smaller foundations, less construction time and site work. Shorter schedules result from the more-modular construction and increased in-shop fabrication, which reduces site erection time.

In addition, insulating refractories are not needed and refractory does not limit start-up time. There are no uncooled structures and therefore less radiation loss. Also, there are no expansion joints to maintain. All these features save operating and maintenance costs. The boiler's more compact size makes it ideal for repowering or retrofit applications.

In November 1996, Foster Wheeler was awarded a $196.5 million extension contract for a major rehabilitation project in progress at the Turow Power Station in Bogatynia, Poland, one of the largest CFB projects in Europe. Foster Wheeler will supply three CFB boilers to Turow, two of which are under construction. The third phase is scheduled to begin in September 1997. The electric output of each unit is 235 MW.

Foster Wheeler Energy International Inc. designs and fabricates steam-generating equipment for electric utilities, industrial users and public authorities globally.

Foster Wheeler Corp. is a global company offering a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operations and environmental services. The corporation's headquarters are at Clinton, N.J. For more information about Foster Wheeler, visit their World-Wide Web site at www.fwc.com.

CONTACT: Foster Wheeler Corp., Clinton

Harry Levy, 908/730-4448

or

Richard C. Kroll, 908/730-4444