Wärtsilä to supply 150 MW power plant to Bangladesh

Wärtsilä to supply 150 MW power plant to Bangladesh

ID: 517901

(Thomson Reuters ONE) -


Wärtsilä Corporation, Press release, 17 January 2017 at 10:00 am EET

Wärtsilä will supply a 150 MW Smart Power Generation plant to Ace Alliance Power
Limited, a special purpose company owned by the Summit Group of Companies in
Bangladesh. The order comprises eight Wärtsilä 50 and one Wärtsilä 32 engines.
The contract includes the engineering and equipment (EEQ) with additional
advisory services for the plant's installation, testing and commissioning, as
well as on-site staff training. The equipment is scheduled to be delivered
during the second half of 2017, and the plant is scheduled to be operational in
early 2018. The order is booked in the first quarter of 2017.

Both the population and economy are growing in Bangladesh, and a need for
additional reliable power generation is evident. The new power plant will be
built in Kodda in the Gazipur district, and will feed power into the national
grid. Internal combustion engine-based power plants already play a key role in
the country's energy system. The Summit Group of Companies is the largest
independent power producer in Bangladesh and has a long-established relationship
in power plant construction with Wärtsilä. During the past 20 years Wärtsilä's
installed capacity with Summit Group has grown to 750 MW. With this recently
signed contract, Wärtsilä's installed capacity with Summit Group will reach 900
MW.

"With Wärtsilä we know that we get great solutions and great local support. We
have been working together for 20 years and we are happy with our relationship,"
says M A Wadud, Managing Director at Summit Power Ltd.

"We are delighted to continue our good relationship with Summit Group. They
value the fact that we are very well represented locally in Bangladesh. Summit
also knows our technology and the fact that it is very reliable," says Göran




Richardsson, Regional Director at Wärtsilä.

With this project, Wärtsilä provides roughly 25 % of the grid capacity in
Bangladesh with an installed base capacity of close to 3000 MW.

Link to image

For more information:

Göran Richardsson
Regional Director, South Asia
Wärtsilä Energy Solutions
Tel: +358 40 5060739
goran.richardsson(at)wartsila.com



Jukka-Pekka Niemi
General Manager, Marketing
Wärtsilä Energy Solutions
Tel: +358 50 465 2805
jukka-pekka.niemi(at)wartsila.com



Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global supplier of ultra-flexible power
plants of up to 600 MW operating on various gaseous and liquid fuels. Our
portfolio includes unique solutions for baseload, peaking, reserve and load-
following power generation, as well as for balancing intermittent renewable
energy. Wärtsilä Energy Solutions also provides utility-scale solar PV power
plants, as well as LNG terminals and distribution systems. As of 2016, Wärtsilä
has 60 GW of installed power plant capacity in 176 countries around the world.
www.smartpowergeneration.com

Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers.
In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com






This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Wärtsilä Oyj Abp via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 17.01.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 517901
Anzahl Zeichen: 4342

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