15IO Euro.bk. 36

RNS Number:1052X
Kvaerner PLC
12 January 2001


Kvaerner secures US$30 million boiler contract in Sweden

LONDON, 12 JANUARY 2001: Kvaerner, the Anglo-Norwegian engineering and
Construction Group, today announced that it's Pulp & Paper business has
secured a contract to supply a 75MWth energy-from-waste boiler, for Norrkoping
Miljo och Energi in Sweden. The order is valued at approximately US$30 
million.

The boiler will be among the largest energy-from-waste boilers supplied by
Kvaerner, and the same size as the two boilers for a new energy-from-waste
plant operated by Sogama in Spain, recently commissioned.
The project will be completed in the Autumn of 2002 and the new boiler will
produce district heat for the city of Norrkoping, together with process steam
for a nearby ethanol factory.  It will use mainly household and industrial
waste as a fuel source, with the use of municipal sludge as a supplemental
fuel. 

The power plant is located south of Stockholm and already operates a large 125
MWth CFB boiler, which was supplied by Kvaerner in 1993.


For further information:
Kari Remes, Kvaerner Pulping Oy (Finland): +358 3 241 2706/  +358 40 709 2015
or Sven-Arne Andersson, Kvaerner Pulping AB (Sweden): +46 3150 1285/ +46 70
574 6725 or Paul Emberley, Vice President, Group Communications, Kvaerner PLC
(UK): +44 (0)20 7339 1035 or +44 (0)7768 813090 

Notes to editors:
1.  Kvaerner is a world-class Anglo-Norwegian engineering and construction
group with the capability and resources to undertake the world's most
challenging projects.  Today's Kvaerner is an industrial technology provider. 
It meets the needs of its customers by adding value to their business -
through the provision of innovative, cost-effective solutions to engineering,
contracting and construction challenges. The Group's activities are organised
in two core business areas: E&C (Engineering and Construction), and Oil & Gas.

 Other current activities, which include shipbuilding and pulping equipment,
are to be sold. Kvaerner is a Norwegian registered business, but has a London,
UK-based international headquarters. The Group has annual revenues of
approximately US$7.5 billion, with some 35,000 permanent staff located in
almost 35 countries throughout Europe, Asia and the Americas.

2. The Power Divison of Kvaerner Pulping is one of the world's leading
suppliers of boilers and evaporation plants to the pulp and paper, and power
industries. The company supplies power boilers worldwide and offers a wide
range of boilers for different needs, from small units to large tailor-made
boilers. Over 120 bubbling fluidized bed boilers and 50 circulating fluidized
bed boilers in operation testify to Kvaerner's expertise in fluidized bed
technology and in handling demanding fuels. Concerns about the environment and
tighter restrictions on landfill disposal are encouraging the construction of
municipal solid-waste fired plants. Combustion systems, using waste materials
as a fuel source and utilising fluidised bed technology, are eco-efficient,
ensuring that the most stringent emissions targets can be met. 

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