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Amec Foster Wheeler
Amec Foster Wheeler wins contract with China's GPEC for oil shale fired CFB boilers in Jordan



April 19, 2017

Amec Foster Wheeler announces that it has been awarded a new contract by China Energy Engineering Group Guangdong Power Engineering Co., Ltd. ("GPEC"), for the design and supply of two circulating fluidized-bed (CFB) steam generator boilers, as well as technical advisory services.

Located in Attarat Um Ghudran, approximately 100km southeast of Amman, the two 235 MWe (net) CFB boilers are designed to burn 100% of Jordanian oil shale.

This is a significant project for Amec Foster Wheeler with GPEC, which was selected in 2014 to perform the EPC of the $2.1 billion 554-megawatt oil shale fired power plant, Jordan's first.

This project will help Jordan utilise its substantial oil shale reserves, estimated to be approximately 30 billion tonnes, thereby reducing its reliance on imported oil and gas. It is expected to meet 10-15% of Jordan's annual power demand.

Tomas Harju-Jeanty, President, Energia Group, Global Power Group at Amec Foster Wheeler, said:

"As leading energy markets around the world aim to introduce energy-efficient and eco-friendly solutions with challenging fuels, this project is further testament to Amec Foster Wheeler's leadership and track record in CFBs, which is central to this effort. We will use our CFB technology that is successfully operating in four European plants to burn oil shale."

Mr. Bai, Vice-President of China Energy Engineering Group Guangdong Power Engineering Co., Ltd., said:

"This project is the first utilising Jordan's abundant oil shale reserves. The successful cooperation between China Energy Engineering Group Guangdong Power Engineering Co., Ltd. and Amec Foster Wheeler is a giant achievement in oil shale-fired power plants. We believe that future growth of our market will generate more opportunities to achieve win-win situations."

Mr. Zhang, Project Manager and Vice-President of China Energy Engineering Group Guangdong Power Engineering Co., Ltd. International said:

"We consider Amec Foster Wheeler to manufacture the best CFB boilers. Their high quality, on-time delivery, successful technology and good after-sale service meet the requirements of this project. We are looking forward to the smooth implementation of this project."

Amec Foster Wheeler designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

Employing around 36,000 people in more than 55 countries and with 2016 revenues of £5.4 billion, the company operates across the oil and gas industry - from production through to refining, processing and distribution of derivative products - and in the mining, power and process, pharma, environment and infrastructure markets.

Amec Foster Wheeler has sold over 400 CFB steam generating units around the world, bringing high-value technology solutions to utilities, independent power generators and industrial clients. Our leadership position in CFB combustion has resulted from our commitment to deliver superior designs providing high efficiency, fuel flexibility and low emissions.

On the 2 March 2017, Amec Foster Wheeler announced that it had signed an agreement to sell its core boiler business to Sumitomo Heavy Industries.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

Forward-Looking Statements

This announcement contains statements which constitute "forward-looking statements". Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "will," "may," "continue," "should" and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.

Publication on Website

A copy of this announcement will be made available on Amec Foster Wheeler's website at www.amecfw.com by no later than 12 noon (London time) on the business day following publication of this announcement. For the avoidance of doubt, the contents of this website are not incorporated into and do not form part of this announcement.

For more information:

Organization:
Amec Foster Wheeler

Address:
1925-18th Ave NE, Suite 401
Calgary, Alberta
Canada, T2E 7T8
www.amecfw-usexternal.icims.com

Contact:
Achilleas Georgiou
Tel: +44 (0)20 7429 7511
E-mail: achilleas.georgiou@amecfw.com

Contact:
Lauren Gallagher
Amec Foster Wheeler
Tel: +1-602-757-3211
E-mail: lauren.gallagher@amecfw.com


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