Kvaerner achieves substantial completion on Longview project
(Thomson Reuters ONE) -
Kvaerner's subsidiary Kvaerner North American Construction Inc. ("Kvaerner
NAC"), along with its other consortium member, Siemens Energy Inc., have
achieved Substantial Completion of the 695 megawatt (net) supercritical
pulverized coal Longview Power Plant, located in Maidsville, West Virginia. The
Plant has now been turned over to the owner, Longview Power, LLC.
ENDS
For further information, please contact:
Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob:
+47 950 38 364
Media:
Mariken Holter, SVP Communications, Kvaerner, Tel: +47 67 52 74 35, Mob:
+47 91 78 73 58
About Kvaerner:
With more than 3 500 HSE-focused and experienced employees, Kvaerner is a
specialised provider of engineering, procurement and construction (EPC) services
for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries
and affiliates ("Kvaerner"), is an international contractor that plans and
realises some of the world's most demanding projects as a preferred partner for
upstream and downstream oil and gas operators, industrial companies and other
engineering and fabrication contractors.
In 2010, the Kvaerner group had aggregated annual revenues of more than NOK
13.3 billion and the company had an order backlog at 30 September 2011 of close
to NOK 12 billion. Kvaerner was publicly listed with the ticker "KVAER" at the
Oslo Stock Exchange on 8 July 2011. For further information, please visit
www.kvaerner.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kværner ASA via Thomson Reuters ONE
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