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Valmet Corporation: Valmet to supply a large-scale boiler plant to Turun Seudun Energiantuotanto Oy in Finland

Valmet Corporation's press release on April 28, 2014 at 10:15 a.m. EET

Turun Seudun Energiantuotanto Oy (TSE) has chosen Valmet as the boiler
supplier for their upcoming power plant in Naantali, Finland. The new power
plant is scheduled to start up in the autumn of 2017.

Valmet's delivery will include a fluidized circulating bed (CFB) boiler and
flue gas cleaning equipment. The steam capacity of the boiler plant will be
390 MW. The total estimated cost of TSE's power plant investment is EUR 260
million. The share of the boiler in this kind of projects is typically one
third of the total investment. The order is included in Valmet's second
quarter 2014 orders received.

Investment enables use of renewable fuels

The investment will replace an old coal power plant that has been operating
for 50 years in Naantali and provides an opportunity to increase renewable
fuels in power generation. The new power plant will also enable to fulfil the
new IEA emissions directive, which will come into effect in the European
Union at the beginning of 2016.

"The power plant investment enables energy efficient, combined electricity and
heat production by using renewable fuels. Our target is to maximize the use
of domestic fuels in our power generation. While being more independent in
fuel supply, we will also be able to affect local employment in a positive
way," says Managing Director Tapani Bastman of Turun Seudun Energiantuotanto

"This order will play an important role as a reference of boiler technology
supplied by Valmet. The delivery will include a large-scale multi-fuel plant,
which is designed to generate power by also using bio fuels at an extremely
high efficiency ratio," says Jyrki Holmala, President of the Pulp and Energy
Business Line at Valmet.

Remarkable source of bio fuel in the vicinity of the power plant

The power plant will be able to use wood, straw, peat, coal, and Solid
Recovered Fuel (RSF) produced from waste as fuels. According to plans, wood
chips collected within a 100-150 kilometer distance from the power plant will
form the main bio fuel. The plant will use approximately 0.7 million solid
cubic meters of wood chips annually. Later on the amount of wood chips may be
as high as 1.2 million solid cubic meters annually.

Construction of the new power plant is scheduled to start toward the end of
2014. Once finalized, the annual production at the power plant will be 900
gigawatt hours (GWh) of electricity and 1,650 gigawatt hours (GWh) of heat.
The electrical power of the plant will be 142 MW, and thermal power 244 MW.

Information about Turun Seudun Energiatuotanto Oy

Turun Seudun Energiatuotanto Oy produces district heat and electricity to the
cities of Turku and Naantali, and the surrounding area. The company also
produces process steam for the needs of nearby companies. Turun Seudun
Energiatuotanto Oy is owned by Turku Energy, Turku's neighboring cities
Raisio, Kaarina, and Naantali, and Fortum Power and Heat.

Corporate Communications

Further information, please contact:
Jyrki Holmala, President, Pulp and Energy Business Line, Valmet, tel. +358 10
676 3210
Jari Niemelä, Sales Director, EMEA, Pulp and Energy Business Line, Valmet,
tel. +358 50 317 8050

Valmet Corporation is a leading global developer and supplier of services and
technologies for the pulp, paper and energy industries. Our 11,000
professionals around the world work close to our customers and are committed
to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. Our strong technology offering includes
entire pulp mills, tissue, board and paper production lines, as well as power
plants for bio-energy production.

The company has over 200 years of industrial history and was reborn through
the demerger of the pulp, paper and power businesses from Metso Group in
December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion.
Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland and its shares are listed on the
NASDAQ OMX Helsinki Ltd.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valmet Corporation via Globenewswire


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