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Aker Kvaerner wins power boiler contract for Manitowoc Public Utilities

Jan. 26, 2004 -- Kvaerner Power has signed a power boiler contract with Manitowoc Public Utilities in the USA, worth more than EUR 20 million.

Kvaerner Power will supply a CYMIC® boiler to Manitowoc Public Utilities in Manitowoc, Wisconsin, USA. The boiler will use circulating fluidized bed (CFB) technology and has an electrical capacity of 63 MW. The boiler is designed to combust petroleum coke or coal, as a back up fuel source, and it will be ready for production in March 2006.

Manitowoc Public Utilities is expanding its power plant and the selection of the CFB technology represents Manitowoc's commitment to the environment by acquiring a means to achieve the lowest solid fuel fired emissions while meeting the future power generation needs of its local customers.

Aker Kværner ASA is through its subsidiaries and affiliates a global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries.

Kvaerner Power is a pioneer in large scale fluidized bed combustion for pulp and paper industry and power producers. Approximately 200 boilers in operation testify to the expertise in fluidized bed technology with demanding fuels. Kvaerner Power is also a chemical recovery equipment supplier in the world with its 300 recovery boilers and 300 evaporation unit deliveries. With the trend towards bigger pulp mills, recovery boiler capacities have increased in the past forty years. Kvaerner Power has designed and manufactured the world's largest recovery units. Kvaerner Power has annual revenues of approximately EUR 350 million and it employs 1300 people worldwide.




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