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Metso Corporation (HEL:MEO1V) Metso Corporation Company release on October 30, 2008 at 3.00 p.m.
Metso will supply Kuopion Energia Oy with a multi-fuel fired power boiler to their new combined heat and power (CHP) plant located in Haapaniemi, in the town of Kuopio, Finland. Start-up of the boiler is scheduled for the end of 2011. The total value of Kuopion Energia's investment is EUR 135 million of which Metso's equipment and installation delivery covers approximately half. The equipment delivery will be included in Metso Paper's Q4 orders received.
Metso Power will supply for the power plant a power boiler (149 MWth) which will utilize circulating fluidized bed (CFB) technology and will burn peat and forest residues to produce district heat for the city of Kuopio and electricity to the national grid.
With the CFB combustion technology Kuopion Energia will be able to increase the capacity of the power plant and the usage of bio fuels, as well as reduce the consumption of oil. The new boiler will replace the first pulverized peat fired boiler built at Haapaniemi power plant in 1972 by Metso. At that time the power plant was the first municipal power plant using milled peat as its main fuel.
Kuopion Energia Oy produces electricity and district heat, and sells electricity. Company's net sales totaled EUR 47 million in 2007 and it has approximately 120 employees. The production of Kuopion Energia is centralized in two power plants at Haapaniemi. The main fuel in use is local peat. The company utilizes also wind power and bio gas in their energy production.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com
Further information for the press, please contact: Kari Remes, General Manager, Sales, Metso Power, tel. +358 40 709 2015
Further information for investors, please contact: Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Metso Corporation
Olli Vaartimo Executive Vice President and CFO
Kati Renvall Vice President, Corporate Communications
Distribution: NASDAQ OMX Helsinki Ltd Media www.metso.com
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