Wärtsilä to supply two gas power plants to Iran

Wärtsilä to supply two gas power plants to Iran

ID: 551636

(Thomson Reuters ONE) -


Wärtsilä Corporation, press release, 10 July 2017 at 3.00 p.m. EEST

The technology group Wärtsilä will supply engineering and equipment deliveries
for two baseload power plants to Iranian energy companies Baran Niroo Beshel Co.
and Tamin Niroo Saam Co. This is a breakthrough project as Wärtsilä is supplying
the first decentralised power plants of its kind to Iran, showing results from
our efforts to support the Iranian power generation market in its transition
towards more flexible and smarter technologies.

The larger plant with Baran Niroo Beshel Co. will be located in the city of
Savadkoh in the Mazandaran province, and it will consist of three Wärtsilä 34SG
engines with a combined output of 29 MW. The other power plant, located in the
city of Tabriz, will consist of two Wärtsilä 34SG engines with a total output of
19 MW. Both plants together will serve approximately 100,000 households and
other small industries in the area.

The orders are booked in the second quarter of 2017, and the gensets are
expected to be delivered during the third quarter of 2017.

"Iran has been experiencing shortages of electricity and Wärtsilä is very
actively working on distributed generation power plants in the country. These
latest development are a significant proof of confidence for Wärtsilä in the
country", says Tord Johnsson, Business Development Manager, Wärtsilä Energy
Solutions.

"Wärtsilä's technology, capability to deliver efficient and flexible power
solutions, as well as their reputation for quality were definitely the main
reasons why we signed this agreement. In addition, using gas as fuel will have
an important impact towards the preservation of our environment", adds Mr. Semih
Uysal, General Manager, Tamin Niroo Saam Co.

Both Baran Niroo Beshel Co. and Tamin Niroo Saam Co are operating under an IPP




scheme where Iran Power Generation and Transmission Company (TAVANIR) is the off
taker.

Wärtsilä's total installed capacity in the Middle East is approximately 7GW.
Globally, Wärtsilä's installed base is over 63 GW in 176 countries.

For more information, please contact:

Tord Johnsson
Business Development Manager
Wärtsilä Energy Solutions
Tel: +46 31 744 46 53
tord.johnsson(at)wartsila.com

Kristian Mäkelä
Director, Sales & Marketing
Wärtsilä Energy Solutions
Tel: +358 40 148 3565
kristian.makela(at)wartsila.com


Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global energy system integrator offering
a broad range of environmentally sound solutions. Our offering includes ultra-
flexible internal combustion engine based power plants, utility-scale solar PV
power plants, energy storage & integration solutions, as well as LNG terminals
and distribution systems. The flexible and efficient Wärtsilä solutions provide
customers with superior value and enable a transition to a more sustainable and
modern energy system. As of 2017, Wärtsilä has 63 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 2016,
Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000
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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Datum: 10.07.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 551636
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