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Euro.bk. 36 | LSE:15IO | London | Medium Term Loan |
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RNS Number:0665M Kvaerner PLC 24 October 2001 Kvaerner awarded US$13 million power project for Black & Veatch in the USA LONDON, 24 OCTOBER 2001: Kvaerner, the Anglo-Norwegian engineering and construction Group, today announced that it has been awarded a US$13 million contract by Black & Veatch Construction Inc. The contract calls for the erection of two heat recovery steam generators and one steam condenser at Allegheny Energy Supply Company's 515 MW electric generating facility now under construction near Springdale, Pennsylvania, USA. Keith Henry, Chief Executive, Kvaerner E&C, said: "This is our third contract for work on Allegheny Energy power stations in the past year. The latest award demonstrates the commitment and versatility Kvaerner brings to the power industry, and reaffirms our extensive capability and experience in handling the broad spectrum of power construction requirements." Kvaerner Songer, Inc. in Washington, Pennsylvania, will have an integral role in this combined cycle gas-fired project. Kvaerner Songer's erection work for the project will commence in December 2001 and is scheduled for completion in November 2002. In the U.S., Kvaerner E&C is currently building six power plants with a total capacity of more than 3,000 MW. Major Kvaerner Songer projects include a 585 MW natural gas-combined cycle merchant power plant for Calpine Corporation at its Fremont Energy Center, in Ohio, a 540 MW gas-fired power plant for Kinder Morgan at Jackson, Michigan, and two SCR installations for Allegheny Energy Supply. For further information: Paul Emberley, Vice President, Group Communications, Kvaerner PLC: +44 (0)20 7339 1035 or +44 (0)7768 813090 or paul.emberley@kvaerner.com or Vanessa Mourant, Kvaerner E&C, London: +44 (0)20 7957 3290 or vanessa.mourant@kvaerner.com or Terry Alderson, Kvaerner E&C, Washington, P.A.: +1 (724) 223 0800 or terry.alderson@kvaerner.com Note to editors: Kvaerner is a world-class Anglo-Norwegian engineering and construction Group. It meets the needs of its customers by adding value to their business - through the provision of innovative, cost-effective solutions - for challenges in the hydrocarbons, process and metals industries. The Group's activities are currently organised in two core business areas: E&C (Engineering and Construction), and Oil & Gas. Kvaerner is a Norwegian registered business, but has a London, UK-based international headquarters. The Group has annual revenues in excess of US$6 billion, with some 35,000 permanent staff located in almost 35 countries throughout Europe, Africa, Asia and the Americas.
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