Aker Kvaerner wins power boiler contract for public power utility in USA

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Kvaerner Power will supply a CYMIC® boiler to Manitowoc Public Utilities in Manitowoc, Wisconsin, USA. The boiler will use circulating fluidized bed (CFB) technology and has an electrical capacity of 63 MW. The boiler is designed to combust petroleum coke or coal, as a back up fuel source, and it will be ready for production in March 2006.


Manitowoc Public Utilities is expanding its power plant and the selection of the CFB technology represents Manitowoc's commitment to the environment by acquiring a means to achieve the lowest solid fuel fired emissions while meeting the future power generation needs of its local customers.


ENDS
For further information, please contact:
Media:
Geir Arne Drangeid, SVP Group Communications, Aker Kvaerner. Tel: +47 913 10 458
Terttu Tuominen, Communications Manager, Kvaerner Power, Tampere, Finland: Tel : +358 (0)20 141 2440 or +358 (0)40 501 1415


Investor relations:
Tore Langballe, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 31 06
Aker Kværner ASA
is through its subsidiaries and affiliates ("Aker Kvaerner") a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries.
Kvaerner Power
is a pioneer in large scale fluidized bed combustion for pulp and paper industry and power producers. Approximately 200 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. With the trend towards bigger pulp mills, recovery boiler capacities have increased in the past forty years. Kvaerner Power has designed and manufactured the world's largest recovery units. Kvaerner Power has annual revenues of approximately EUR 350 million and it employs 1300 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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