The unit will be capable of generating 40 MW of electricity - enough to power 40 000 homes - which will be used by a range of on-site customers. It will also supply up to 162 tonnes per hour of steam to the site distribution system at Wilton International on Teesside, one of the UK's most important manufacturing locations.

Paul Gavens, Managing Director and Executive Vice President, of SembCorp Utilities UK, which employs around 630 people, said: "We are absolutely delighted to be making this move at this exciting time for SembCorp and the Wilton International site in general.

"It is a huge vote of confidence in our people and our operations by the board of SembCorp Utilities and brings the total invested by the company since buying the business in 2003 to more than GBP 110 million."

The new project will supply the recently announced Ensus bio-ethanol plant and is SembCorp's third major investment in four years. It follows a GBP 20 million CHP plant also built by Aker Kvaerner at Wilton Power Station in 2004 and Wilton 10, the GBP 62 million wood-fuelled biomass power station due to start operations later this year.

Dave Ley, President of Aker Kvaerner Engineering Services, added, "Aker Kvaerner is very pleased to have the opportunity to build upon its long-standing relationship with SembCorp Utilities UK. We have core capabilities within the energy sector and specific project experience with SembCorp to draw upon.  Our project team look forward to using our local presence, combined with our worldwide engineering expertise, to deliver an optimised technical solution to SembCorp Utilities UK."

Work will start immediately and the CHP plant is expected to be operational by the end of 2008. The project is likely to sustain around 85 jobs during the construction period. The success and knowledge of the original CHP plant built for SembCorp at Wilton in 2004 and an excellent relationship were key factors in this new contract award to Aker Kvaerner.

 

 

 

 

Media:

UK: Terry Waldron, SembCorp Utilities UK, Wilton International +44 (0) 1642 212385

Sarah Weyell, Aker Kvaerner, Stockton-on-Tees: Tel: +44 (0)1642 602221

Or  Vanessa Mourant, Aker Kvaerner, London: Tel: +44 (0)20 7339 1064 Mob: +44 (0) 7771 806566

 

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. 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 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 50 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 55 000 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.

 

Aker Kvaerner Engineering Services Ltd is a wholly owned subsidiary of AKER KVAERNER ASA. Aker Kvaerner Engineering Services is a leading provider of both turnkey and reimbursable engineering solutions and life cycle services to the nuclear, water, metals, energy and process industries in the UK and worldwide.

 

SembCorp Utilities UK (www.sembutilities.co.uk) a subsidiary of the Singapore-based SembCorp Utilities, is the leading industrial utilities and services business on Teesside and one of the largest in the UK, providing steam and electricity to the major manufacturers on the Wilton International site, including Dow, SABIC, INVISTA, Artenius UK Ltd and Huntsman.

A wide range of support services include an industrial fire fighting and spill protection team, pipeline assurance and high voltage electrical expertise, analytical and environmental services, storage and warehousing and a contact centre. The business also owns and markets much of the 330 acres of development land on the near 2000 acre Wilton International Site to inward investors.

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