The Longview project site, located within 50 miles of the Aker Kvaerner Songer's Canonsburg campus will be one of the largest investments in the history of West Virginia.  The project is scheduled to begin February 2007 with a 48 month duration and will employ approximately 1500 craftworkers at its peak.

According to GenPower, upon completion, the Longview project is expected to provide environmental benefits to its surrounding regions and is expected to be one of the cleanest and most efficient coal-fired plants in the U.S. The project will utilize the highly efficient super critical boiler design and the best available pollution control technology to minimize air emissions.  In addition, the Longview project will use bituminus coal from Western Pennsylvania and West Virginia.  It is planned to generate 695 net megawatts of electricity using a Siemens Steam Turbine and air quality control system. 

"We are pleased to be awarded this contract. The successful completion of similar projects by Aker Kvaerner demonstrates our execution capability," says Martinus Brandal, Aker Kvaerner ASA President & CEO. "The combined strength of  this consortium will help make a significant contribution to both the power industry and to the environment."

GenPower Holdings, the parent of Longview Power, LLC, is the newly established joint venture between GenPower, LLC and First Reserve Corporation.  GenPower, LLC specializes in the development of electric generation plants and has also successfully developed over 1,800 megawatts of natural gas fired combined cycle electric generation facilities in the U.S. First Reserve is the oldest and largest private equity firm specializing in the energy industry.  Since 1992, First Reserve has raised over USD 12.7 billion for its buyout-focused funds.    

 

 

Media:

Donna Rougeaux, Manager OGPE Communications, Aker Kvaerner.  Tel:  +1 713 270 2407, Mob:  +1 832 277 6955
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

 

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 Pat Bailey, Global Sourcing Champion, Aker Kvaerner Songer, Inc.   Tel: +1 724 416-6765

 

Career opportunities:
Jeanne Songer, Manager Human Resources, Aker Kvaerner Songer, Inc.   Tel: +1 724 416 6836

 

 

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 and Power Generation. The Aker Kvaerner group is organised in 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 23 000 people in about 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 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.

 

Oil, Gas, Process & Energy. The Oil, Gas, Process & Energy business area of Aker Kvaerner executes technology development, facility services and engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, and Mining & Metals. We deliver a full spectrum of capital development projects and life-cycle services through a portfolio of global businesses. With an annual turnover of US $1.3 billion, The Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner employs more than 5,975 people operating worldwide.

Aker Kvaerner Songer, Inc. provides a full range of construction, maintenance and renovation services to the North American industrial sector. Our services are characterised by the highest standards of safety, quality, teamwork, innovation and cooperation, thus enabling us to respond to the needs of our customers and deliver on-time and in-budget performance.  Construction, maintenance and renovation services are provided to the power, steel, chemical, petro-chemical, and other industrial sectors in North America. In addition, Aker Kvaerner Songer, Inc. provides construction management and project planning services to the above sectors on an international basis. 

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