Aker Kvaerner wins power boiler contract for pulp and paper mill in Indonesia

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Kvaerner Power is to deliver a large CYMIC® boiler using circulating fluidized bed (CFB) technology for an Indonesian pulp and paper mill.


The boiler's thermal capacity is 520 mega watt (MW) and the main fuels are coal and bark. The boiler will be ready for the start-up in spring 2006.


The customer has chosen Kvaerner Power as its technology provider several times. In the 1990s Kvaerner Power has supplied three large recovery boilers and an evaporation plant for the same pulp and paper mill.


"This contract strengthens Kvaerner Power's market share as a supplier of high-technology and environmentally sound boiler plants, and this new deal surely confirms our worldwide position as a major supplier and expert of the large scale fluidized bed combustion for pulp and paper industry and power producers", says Lennart Ohlsson, president of Kvaerner Power.


The Indonesian power boiler will be about the same size as the Alholmens Kraft's CYMIC® boiler (550 MWth) in Finland which is the world's largest biomass-fired circulating fluidized bed boiler and has been working smoothly since its start-up in 2001. The boiler was built next to the pulp mill and it is a prime example of sustainable energy production and it was awarded the second prize at the Austrian Energy Globe competition with a so called Energy Oscar in 2002.


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


Lasse Torkildsen, VP Group Investor Relations, Aker Kværner ASA, Tel: +47 67 51 30 39


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 span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 21,000 employees in more than 30 countries. 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.


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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