HELSINKI, Finland, June 26, 2007 (PRIME NEWSWIRE) -- Metso Power, a part of Metso Paper business area, will supply EDP Producao -- Bioelectrica, S.A. with two biomass-fired power boilers to its new power plants in Portugal. The delivery will be completed by the second quarter of 2009. The total value of the order is approximately EUR 60 million.
The first boiler (83 MWth) will be installed at Celbi's Figueira da Foz pulp mill and the second boiler (35 MWth) at Caima's pulp mill near the city of Constancia. Both power plants will mainly use biomass, like eucalyptus bark and forest residues, as fuel to produce together approximately 40 MWe electricity to the national grid. Both boilers utilize bubbling fluidized bed technology.
The investments are part of Portugal's national green energy program, and tariffs for such delivered electrical energy are subsidized by the Portuguese government.
EDP Producao -- Bioelectrica, S.A. is a joint venture of EDP, a Portuguese electricity company, and Altri Group, which is the owner of pulp producers Celulose Beira Industrial (Celbi), Celulose do Caima and Celtejo. Celbi Pulp Mill produces short-fiber bleached eucalyptus pulp, Caima Pulp Mill makes bleached magnesium sulfite pulp, and Celtejo Pulp Mill makes kraft pulp.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
Metso Corporation Olli Vaartimo Executive Vice President and CFO Kati Renvall Vice President, Corporate Communications distribution: Helsinki Stock Exchange New York Stock Exchange Media www.metso.com