Aug 11, 2011 - Finnish industrial machinery company Metso Oyj (HEL:MEO1V) yesterday said it had won a EUR-20-million (USD 28.4m) order to deliver a biomass-fired combined heat and power (CHP) plant in southeastern Germany.
The order has been awarded by German company Heizkraftwerk Zwickau Sued GmbH & Co.
The plant will have a heat capacity of 10 MW and 5 MW of electricity capacity and will process forest residues and wood-based landscaping material. It is scheduled for grid connection towards the end of 2012.
MW Power, a joint venture of Metso and Finnish Wartsila Corp (HEL:WRTBV), will deliver the plant in the municipality of Zwickau.
Metso said that the facility is supported by regulation that ensures fixed feed-in tariffs for renewable electricity and secures the payback period of the investment.