Teesside Power Station is the world's largest privately owned, gas-fired, combined cycle power station. Natural gas is supplied to the facility from the nearby gas processing plant, also operated and managed by px.  Production capacity of the power station is 1875MW, meeting around 4 percent of the electricity demand in England and Wales. The plant also supplies process steam to the adjacent Wilton petrochemical complex.

Mark Leggett, President of AK Engineering Services, said,  "We have worked with px for the last four years, initially providing mechanical maintenance, but this has grown to include fabrication, workshop services and valve overhauls. I am delighted that this long-term relationship has also now led to px placing its trust in us for the management of the alliance during this year's outage."

The alliance comprises five partners: Aker Kvaerner: mechanical work, fabrication, workshop facilities and valve overhaul; Alstom: gas turbines; CISL: scaffold, insulation and painting; EI-WHS: electrical and instrumentation; and px as facility operator.

The 2005 outage will be performed within a management target cost linked to a pain/gain share mechanism against which all alliance partners will be measured. Cliff Sanders, Outage Manager at px said, "This is our first venture within an alliance on Teesside. However, the ties that have been formed with Aker Kvaerner and the other alliance partners over the last four years have enabled us all to get to know each other well. We believe this will form the basis for a successful and fruitful outcome on this project."

ENDS

 

 

Media:
Torbjorn Andersen, SVP Group Communications, Aker Kvaerner:
Tel: +47 67 51 3036 Mob: +47 928 85 542

UK: Sarah Weyell, AK Engineering Services, Stockton-on-Tees: Tel: +44 (0)1642 602221

1.        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 businesses within Aker Kvaerner span several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group consists 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 35.6 billion and employs approximately 22,000 people in more than 30 countries.

2.        E&C Europe specialises in the provision of process technology, engineering studies (including bankable feasibility and environmental studies), total project management, engineering and design, procurement, construction, commissioning and maintenance services. With nearly 5,000 people based largely from Europe, E&CEurope serves a number of industrial sectors: refining and petrochemicals, pharmaceuticals & biotechnology, onshore oil & gas, power generation, chemical pulping, nuclear, water, and mining and metals.

3.        AK Engineering Services is the trading name of Aker Kvaerner Engineering Services Ltd., the legal entity responsible for the execution of the work. AK Engineering Services is one of the core businesses of the Aker Kvaerner group in Europe and provides total asset life cycle solutions including conceptual design, engineering, procurement, project management, construction and commissioning, through to operation and maintenance services, modifications and process improvements.  Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com