Metso Corporation's press release on January 19, 2012 at 11:00 a.m. local time

Metso will supply Mälarenergi's combined heat and power plant (CHP) in Västerås, Sweden, with the world's largest recovered fuel fired boiler. The new boiler with a fuel input of 167 MW will utilize circulating fluidized bed (CFB) technology and it will serve as a base unit to meet the disctrict heating power needs of Västerås and Hallstahammar municipalities. Metso's delivery will account for about 30 per cent of the approximately EUR 300 million modernization project of the CHP plant.

The modernization is a significant investment for the city of Västerås as the existing CHP plant is in need of a comprehensive upgrade.The principal fuel for the new boiler will be recovered fuel prepared from municipal waste, and the new boiler also has possibility to burn biofuel. Compared with current boilers, the new system will give the plant a more flexible fuel mix.

"The modernization is an important investment for Mälarenergi and the city of Västerås, as well as for our customers," says Kenneth Jönsson, President, Mälarenergi AB. "The investment will give us a greater fuel mix flexibility. We chose Metso because they fulfilled our requirements regarding price, technology, availability and experience."

The modernized CHP plant will be commissioned in the middle of 2014. The order is included in Pulp, Paper and Power's first quarter 2012 orders received.

Mälarenergi is owned by the city of Västerås and provides electricity, district heating and cooling with related services to customers in Västerås Municipality as well as in surrounding regions. The company also sells electricity to private and corporate customers throughout Sweden. Mälarenergi has about 570 employees and net sales of about EUR 340 million.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 29,000 employees in more than 50 countries. www.metso.com

For more information please contact:

Sven-Arne Andersson, Senior Sales Manager, Power business line, Metso,
tel. +46 70 574 67 25

Kai Mäenpää, Vice President,EMEA, Power business line, Metso,
tel. +358 40 556 5666