First year successfully completed with Valmet's first full scope operation and maintenance agreement at Uni Viridas' Babina Greda power plant in Croatia

Valmet Oyj's trade press release on October 14, 2016 at 10:00 a.m. EET

In spring 2015, Valmet signed the first agreement of its kind for full-scope operation and maintenance (O&M) with Uni Viridas d.o.o. for their power plant in Babina Greda, Croatia.

The start-up of the new plant was in August 2015. The power plant and the automation system has been supplied by Valmet. The services agreement is a logical extension of Valmet's earlier project delivery. The agreement includes a mobilization period and an operating period of two years, with an option to continue. The value of the agreement is not disclosed.

The Babina Greda biomass based combined heat and power plant's electricity capacity is 9.7 megawatts (MW) and heat capacity 10 MW.

Natural step for widening Valmet services scope

"We are committed to moving our customer's performance forward. With this contract we have expanded our services offering by daily operation and maintenance of the plant providing improved reliability in line with Valmet's new services approach, Shared Journey Forward. It is also an important development step in our agreement based services business," says Kai Mäenpää, Vice President of Energy Sales & Services from Valmet.

"As a group, we at Uni Viridas chase perfection in long-term plans and our partners are in a crucial role in this work. Technology which Valmet supplied has worked well. In addition to that the company has demonstrated the value add of their services in daily operation and maintenance of the plant. We are very pleased with the results and look forward to development of the partnership with Valmet," says Alkin Yaman, Regional Manager for Southeast Europe from Unit Group, the owner of Uni Viridas.

Uni Viridas' Babina Greda power plant in Croatia

Information about the customer Uni Viridas d.o.o.

Uni Viridas d.o.o. is a special-purpose entity of Unit Investment N.V. in Croatia. Unit Investment has the vision of increasing efficiency in primary material use, respecting the environment, creating employment, raising social awareness and hence contributing to economies.

VALMET
Corporate Communications

For further information, please contact:
Kai Mäenpää, Vice President of Energy Sales & Services, EMEA Area, Valmet, tel. +358 10 676 2410

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2015 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.