Future Valmet to deliver a complete biomass fired power plant for Uni Viridas in Croatia

Metso Corporation's press release on November 12, 2013 at 11:00 a.m. local time

Metso's Pulp, Paper and Power business, the future Valmet, will supply Uni Viridas d.o.o. with a complete biomass fired power plant, which will provide power and heat to the city of Babina Creda in Croatia. Uni Viridas is a special purpose entity of Unit Investment N.V., and is established for this specific project. The plant is scheduled to be in operation in 2015. The value of the order will not be disclosed. The main part of the order is included in Metso Pulp, Paper and Power's fourth quarter 2013 orders received. The automation system is included in Metso Automation's fourth quarter 2013 orders received.

The turnkey delivery will include a boiler island, a turbin and buildings as well as installation and construction works. The boiler can utilize wide range of fuels such as forest residues with high combustion efficiency and low NOx and CO2 emissions. The plant will have a power output of 9.7 megawatts (MW) and a heat output of 10 MW. The electricity will be distributed to the local grid and the heat will be utilized in a wood pellet factory, other industrial facilities, and nearby greenhouses.

"The production of electricity from renewable energy sources will contribute to the long-term sustainable development of the entire Croatian power system, create a more secure supply of energy, decrease the dependency of Croatia on other countries, and bring prosperity to the citizens and future generations. We are pleased that, together with our Croatian partners, we recognized the quality and benefits of this project and that we are among the first in Croatia to move in this direction," says Cem Sirin, CEO of Unit Investment N.V.

"This is our first power plant delivery to Croatia, that utilizes local renewable fuels. This makes the project an important milestone for us. The use of renewable energy sources helps to ensure a reliable energy supply, and creates new business and job opportunities in biomass logistigs. This project will strengthen our local presence and we plan to use local partners and services during the execution of the project," says Jorma Lehtoviita, Vice President, Heat and Power, Pulp, Paper and Power, Metso.

Technical information

Metso's biomass-fuelled modularized power plants are practical solutions for renewable energy supply with minimum environmental impact. The plants are highly automated and modular, and based on well-proven standardized components that can be delivered and installed quickly. Metso also provides comprehensive lifecycle services to complete its turnkey delivery.

The combustion system is based on Metso's proven bubbling fluidized bed (BFB) technology that is used in over 170 operating plants around the world. Bubbling fluidized bed combustion can be applied to a wide range of fuels from dry wood fuel to high-moisture forest residues, sludge and even solid recovered fuels. The plant automation will be based on Metso DNA technology.

Uni Viridas d.o.o. is a special purpose entity established for the Babina Greda biomass cogeneration plant project. It is a joint venture formed by a foreign investor, Unit Investment N.V., and a domestic investor, Energia Solution Ltd. Unit Investment, which is headquarted in Brussels, has 40 years of experience in the energy sector. Energia Solution Ltd has experience in developing projects in the renewable energy sector.

Metso's pulp, paper and power professionals specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle including new production lines, rebuilds and services.

As of January 2014, Metso's Pulp, Paper and Power business will serve its customers with an even more focused and competitive approach as an independent, listed company, Valmet Corporation.

www.metso.com/energy, www.twitter.com/metsoenergy

Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd.

www.metso.com, www.twitter.com/metsogroup


For further information, please contact:

Jari Niemelä, Director, Project Sales, EMEA, Pulp, Paper and Power, Metso, tel.+358 50 317 8050

Jorma Lehtoviita, Vice President, Heat and Power, Pulp, Paper and Power, Metso, tel.+358 400 623 079