Stock Exchange release June 29, 2009 12:00:00 PM CET
Metso to supply biomass boiler plant to Finland
Metso Corporation's press release on June 29, 2009 at 1:00 p.m.
Metso will supply Keuruun Lämpövoima Oy with a biomass boiler plant for combined heat and power production (CHP) in the town of Keuruu, Finland. The boiler plant will be delivered by the Metso-Wärtsilä joint venture MW Power Oy. Equipment related to environmental systems will be delivered by Metso's Power business line. The total value of the investment is over EUR 10 million. The start-up of the plant is scheduled for the end of 2010. The order is included in Energy and Environmental Technology's Q2 orders received.
The biomass boiler plant will utilize bubbling fluidized bed (BFB) technology and will use forest chips and milled peat as the main fuels. The plant will produce 15 MW of district heat for the Keuruu area and 5 MW of electricity for the national grid. With the new biomass plant, Keuruun Lämpövoima will be able to reduce the consumption of oil and increase the usage of biomass in heat and power generation.
Keuruun Lämpövoima Oy is a company owned by Keuruun Sähkö group and located in Central Finland. The main shareholders of the group are the city of Keuruu and Fortum Power and Heat Oy.
The Metso-Wärtsilä joint venture MW Power Oy provides medium- and small-scale power and heating plants. The company focuses on technologies for renewable fuels. Metso owns 60% and Wärtsilä 40% of the joint venture. The joint venture started its operations on January 1, 2009.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,000 employees in more than 50 countries. www.metso.com
For further information, please contact:
Olli Elo, Product Line Director, MW Power Oy, tel. +358 40 556 5504