Aker Kvaerner contract for a multifuel-fired boiler

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8 December 2006 - Aker Kvaerner has been awarded a letter of intent to provide an industrial-size, multifuel-fired boiler plant to Porin Prosessivoima Oy, Finland. The contract value to Aker Kvaerner is approximately EUR 50 million.


Kvaerner Power is to deliver the power boiler to a new combined heat and power (CHP) plant at Kemira's factory in Pori on the west coast of Finland. The power plant will be built by the new company Porin Prosessivoima Oy, which is part of the Finnish energy company Pohjolan Voima Oy. The new power plant will produce process steam for the adjacent factory, district heating for the nearby town of Pori and electricity.


"Once again, this new order shows Kvaerner Power's expertise in combustion of demanding fuels. With the help of the advanced combustion solution Porin Prosessivoima will be able to reduce its CO2 emissions, by combining the high plant efficiency and the increased possibility to use biofuels and recycled fuels," says Lennart Ohlsson, president of Kvaerner Power.


Kvaerner Power, part of the Aker Kvaerner group, will supply the power boiler, which utilises circulating fluidized bed (CFB) combustion technology, and will burn wood fuel, peat, recycled fuel and coal. The boiler will have a steam capacity of 177 megawatts and steam data of 522ºC and 84 bar. The contract is a EPC delivery  (engineering, procurement and construction) consisting of the boiler with auxiliary equipment, the boiler building, and the flue gas cleaning system. The boiler plant is designed to fulfil the requirements of the EU waste incineration directive for co-firing. The new boiler plant will be ready at the end of 2008. 


ENDS
 
For further information, please contact:
 
Media:
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36,
Mob: +47 928 85 542.


Terttu Tuominen, Communications Manager, Kvaerner Power. Tel: +358 20 141 2440, Mob: +358 40 501 1415.
 
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39.
 
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact:
Stefan Andersson, VP Supply Management, Kvaerner Power. Tel: +46 31 501384, Mob: +46 705 900323.


AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.


The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 41.4 billion and employs approximately 24 000 people in more than 30 countries.


Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.
 
Kvaerner Power is a forerunner in fluidized bed combustion for pulp and paper industry and power producers. Approximately 200 power boilers in operation testify to the expertise in fluidized bed technology with demanding fuels. Kvaerner Power is also the leading chemical recovery equipment supplier in the world with its 300 recovery boilers and 300 evaporation unit deliveries. Kvaerner Power has designed and manufactured the world's largest recovery units and biomass-fired fluidized bed boilers. Kvaerner Power with main operations in Finland, Sweden, USA and Brazil has annual revenues of approximately EUR 500 million and it employs 1600 people worldwide.  
 
 
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com

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