Metso to Supply Biomass Power Plant for Varnamo Energi for Doubling Green Electricity Production

HELSINKI, FINLAND — (Marketwire) — 11/23/12 — Metso Corporation’s press release onNovember 23, 2012 at 2:00 p.m. local time

Metso will supply Varnamo Energi AB with a biomass power plant for combinedheat and power production in Varnamo in Sweden. The start-up of the plantis scheduled for autumn 2014. The value of the order is approximately EUR17 million.

Metso’s delivery will include a complete power plant, includinginstallation, training and commissioning. The plant will have a thermaloutput of 13.4 MWth for district heating and an electrical output of 3.6MWe. The plant will use local forest residues such as bark and wood chipsas fuel.

“This is an important investment in the future of Varnamo and in theenvironment,” says Gunnar Crona, Chairman of Varnamo Energi. “After thisinvestment 100 % of the area’s district heating will be produced withbiomass. In addition, we will produce approximately 20 GWh of electricityannually, which means a doubling of locally produced green electricity.”

“We are pleased to be entrusted with the supply of this power plant toVarnamo Energi,” says Anders Steen, Managing Director of the Metso unit incharge of the project, MW Power AB. “It is also proof that the solutions wesupply are at the forefront of the technological and environmentalperformance.”

“We feel confident in Metso as a supplier,” says GOran Hansson, CEO ofVarnamo Energi. “This is Varnamo Energi’s largest investment ever and withit we can ensure that our customers will continue to be supplied withheating at a competitive cost. Also, Varnamo community will get a modern,well-performing district heating production facility that will be able tofulfill its task for many years.”

The order is included in Metso’s Pulp, Paper and Power fourth quarter 2012orders received.

Varnamo Energi AB’s main function is to provide energy and ITcommunications through a well developed infrastructure. Varnamo Energi iswholly owned by Varnamo community. The company has more than 14,000clients, a turnover of approximately EUR 35 million and the number ofemployees is forty.

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 includingnew production lines, rebuilds and services.

Metso is a global supplier of technology and services to customers in theprocess industries, including mining, construction, pulp and paper, power,and oil and gas. Our 30,000 professionals based in over 50 countriesdeliver sustainability and profitability to customers worldwide. Expectresults.

Source: Metso Corporation via Thomson Reuters ONE[HUG#1660266]