Foster Wheeler Ltd has announced that its subsidiary, Foster Wheeler Iberia SA, has 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 SA, a Spanish manufacturing and construction contractor. The total contract is valued at approximately USD 152 million, with Foster Wheeler’s work totalling approximately USD 76 million. The entire project is scheduled for completion in 2008.
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