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Valmet and Uni Viridas renew their cooperation by signing a ten-year operation and maintenance agreement for the biomass power plant in Croatia

Valmet Oyj's press release on February 25, 2019 at 11:00 a.m. EET.

Valmet and Uni Viridas have signed a ten-year operation and maintenance agreement for the biomass power plant in Babina Greda, Croatia. The order is included in Valmet's first quarter of 2019 orders received. The value of the order will not be disclosed.

The cooperation of the companies started in 2011, and in 2015 Valmet began to operate and maintain the biomass power plant on behalf of the customer.

"It was a milestone for Valmet to begin to operate its first constructed power plant for the customer in 2015. In principle, the customer delivers the fuel and sells heat and electricity. Valmet takes care of everything else 365 days a year. The cooperation with Uni Viridas has been excellent and continuing it is a win-win solution," says Markus Bolhar-Nordenkampf, Director, Energy Sales and Services, CEN, Valmet.

During the past few years, Valmet has been able to fulfill the expectations of the customer, and the plant's availability has exceeded agreed targets. For example, there have been minimal unplanned outages and low flue gas emissions, and efficient boiler operations at low fuel and water consumption have been demonstrated. In addition, there haven't been any LTIF (Lost Time Injury Frequency) or reports from environmental incidents.

"After Valmet's excellent performance for the last three years, it was only logical to continue this cooperation for the next ten years," says Alkin Yaman, Strategy & Business Development Manager of Unit Group in Istanbul.

Valmet and Uni Viridas will continue their cooperation and maximize the plant's performance until 2029.

Technical information about the plant

The biomass power plant, delivered by Valmet, is a fluidized bed boiler - BiowerPower 8 - a plant with an electrical output of up to 10 MWel and a heat output of up to 16 MWth. The fuel utilized is forest wood and wood chips.

Information about the customer Uni Viridas d.o.o.

Uni Viridas d.o.o. is a special-purpose entity of Unit Investment N.V. in Croatia. Unit Investment has the vision of increasing efficiency in primary material use, respecting the environment, creating employment, raising social awareness, and hence, contributing to economies.

Valmet and Uni Viridas renew their cooperation by signing a ten-year operation and maintenance agreement for the biomass power plant in Croatia.

VALMET
Corporate Communications

For further information, please contact:
Markus Bolhar-Nordenkampf, Director, Energy Sales and Services, CEN, Valmet, tel. +43 6648294054
Robert Kölby, Global Product Manager, Performance Agreements, Energy and Environmental Services, Valmet, tel. +46 706091337

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki

Read more at: www.valmet.com, www.twitter.com/valmetglobal #rechargedbyvalmet

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