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7 July 2003 - Foster Wheeler Ltd. announced today that its subsidiary, Foster Wheeler Iberia, S.A.'s Energy Division, signed a contract with Endesa, Spain's largest utility, to upgrade four steam-generating units at the As Pontes power plant in La Coruna.
Foster Wheeler will carry out the project through a partnership with Duro Felguera S.A., a Spanish manufacturing and construction contractor. The total contract is valued at approximately $152m, with Foster Wheeler's work totalling approximately $76m.
Foster Wheeler originally supplied the 350 MWe boilers between 1976 and 1979 as brown coal units and modified the systems between 1993 and 1996, allowing the boilers to fire up to 50 per cent imported coal. As a result of the run-down of the local brown coal mine supplying the plant, the final upgrade is designed to enable the boilers to fire 100 percent imported low-sulphur coal.
The project will be executed in several phases with work on the first unit, As Pontes' Number 2 boiler, commencing immediately and the entire project scheduled to be completed in 2008. The majority of work will be done without taking the boilers out of service and final modifications to the systems will be made during scheduled outages, in February 2005, the first half of 2006, the second half of 2007, and the first half of 2008.
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