HELSINKI, FINLAND -- (Marketwire) -- 11/23/12 -- Metso Corporation's press release on November 23, 2012 at 2:00 p.m. local time

Metso will supply Varnamo Energi AB with a biomass power plant for combined heat and power production in Varnamo in Sweden. The start-up of the plant is scheduled for autumn 2014. The value of the order is approximately EUR 17 million.

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

"This is an important investment in the future of Varnamo and in the environment," says Gunnar Crona, Chairman of Varnamo Energi. "After this investment 100 % of the area's district heating will be produced with biomass. In addition, we will produce approximately 20 GWh of electricity annually, which means a doubling of locally produced green electricity."

"We are pleased to be entrusted with the supply of this power plant to Varnamo Energi," says Anders Steen, Managing Director of the Metso unit in charge of the project, MW Power AB. "It is also proof that the solutions we supply are at the forefront of the technological and environmental performance."

"We feel confident in Metso as a supplier," says Göran Hansson, CEO of Varnamo Energi. "This is Varnamo Energi's largest investment ever and with it we can ensure that our customers will continue to be supplied with heating at a competitive cost. Also, Varnamo community will get a modern, well-performing district heating production facility that will be able to fulfill its task for many years."

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

Varnamo Energi AB's main function is to provide energy and IT communications through a well developed infrastructure. Varnamo Energi is wholly owned by Varnamo community. The company has more than 14,000 clients, a turnover of approximately EUR 35 million and the number of employees 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 including new production lines, rebuilds and services.

www.metso.com/pulpandpaper, www.metso.com/power, www.twitter.com/MetsoPulpPaper

Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.

www.metso.com, www.twitter.com/metsogroup

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