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Foster Wheeler to supply turnkey power plant in Finland

CLINTON, N.J., Feb. 5, 2001 (BUSINESS WIRE)–Foster Wheeler Corporation announced today that its Finnish subsidiary, Foster Wheeler Energia Oy, was awarded a turnkey contract by Aanevoima Oy to supply an industrial power plant for Metsa-Serla Aanekoski mills in Central Finland. The contract is valued at approximately $51 million.

Design work on the project is already underway and the plant is scheduled to be completed in October 2002. The new plant will produce process steam and electricity for Metsa-Serla Corporation’s pulp and paper mill and electricity for Noviant CMC Oy’s CMC (carboxymethyl cellulose) production facility and district heat for Aaneseudun Energia Oy, a local power company.

For the turnkey project, Foster Wheeler Energia Oy will supply a solid fuel-fired 150 MWth circulating fluidized-bed boiler (CFB) and a 35 MWe turbine generator. The company will also provide fuel handling, automation and instrumentation, water treatment, cooling systems, steam distribution system, electrification and auxiliaries, and all civil works including foundation.

The new CFB boiler will be fueled primarily by bark, sludge, wood residue, packaging and building waste from the local mills as well as wood and peat. The two existing oil-fired boilers will serve as auxiliary boilers.

Aanevoima is a joint company founded for this power plant project by Metsa-Serla (45% share), Metsaliitto (20%), Noviant CMC (20%) and Aaneseudun Energia (15%).

Metsa-Serla is a major European forest industry group. The company’s main business areas are paper, packaging and merchanting. The company’s net sales are EUR 5.6 billion and it employs about 16,000 people.

For more information, visit the Internet site at www.fwc.com.