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Coal-fired generating station contract awarded to Aker Kvaerner / Siemens consortium

Longview Power, LLC ("Longview"), a subsidiary of GenPower Holdings, L.P. has awarded Aker Kvaerner Songer, Inc. and Siemens Power Generation, Inc. acting as a consortium, a series of contracts for the engineering, supply of equipment  and construction for the Longview project, a supercritical pulverized coal-fired generating facility in Monongalia County, West Virginia.

Longview Power, LLC ("Longview"), a subsidiary of GenPower Holdings, L.P. has awarded Aker Kvaerner Songer, Inc. and Siemens Power Generation, Inc. acting as a consortium, a series of contracts for the engineering, supply of equipment  and construction for the Longview project, a supercritical pulverized coal-fired generating facility in Monongalia County, West Virginia. Foster Wheeler North America Corporation will supply the boiler.  The consortium contracts have a total combined value of approximately USD 1.3 billion with Aker Kvaerner's individual contract valued at approximately USD 654 million.
 
The Longview project site, located within 50 miles of the Aker Kvaerner Songer's Canonsburg campus will be one of the largest investments in the history of West Virginia.  The project is scheduled to begin February 2007 with a 48 month duration and will employ approximately 1500 craftworkers at its peak.
 
According to GenPower, upon completion, the Longview project is expected to provide environmental benefits to its surrounding regions and is expected to be one of the cleanest and most efficient coal-fired plants in the U.S. The project will utilize the highly efficient super critical boiler design and the best available pollution control technology to minimize air emissions.  In addition, the Longview project will use bituminus coal from Western Pennsylvania and West Virginia.  It is planned to generate 695 net megawatts of electricity using a Siemens Steam Turbine and air quality control system. 
 
"We are pleased to be awarded this contract. The successful completion of similar projects by Aker Kvaerner demonstrates our execution capability," says Martinus Brandal, Aker Kvaerner ASA President & CEO. "The combined strength of  this consortium will help make a significant contribution to both the power industry and to the environment."
 
GenPower Holdings, the parent of Longview Power, LLC, is the newly established joint venture between GenPower, LLC and First Reserve Corporation.  GenPower, LLC specializes in the development of electric generation plants and has also successfully developed over 1,800 megawatts of natural gas fired combined cycle electric generation facilities in the U.S. First Reserve is the oldest and largest private equity firm specializing in the energy industry.  Since 1992, First Reserve has raised over USD 12.7 billion for its buyout-focused funds.

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