Wärtsilä Oyj Abp (HEL:WRT) Wärtsilä Corporation, Press Release, 13 August 2008

Wärtsilä North America, Inc., a subsidiary of Wärtsilä Corporation and a leading provider of power plants for flexible power generation, has been awarded an engineered equipment supply contract by GEUS, a municipally-owned electric power, cable and high speed Internet system located in Greenville, Texas, USA.

This is Wärtsilä's first power plant order for a municipally-owned utility in the state of Texas. The contract for the 25 MWe gas-fired power plant is valued at over 19 million USD. The plant will help provide power to the 26,000 consumers in Greenville and the surrounding area served by GEUS, as well as help to meet their 113 MW peak demand. It will also be dispatched to meet ERCOT's (Electric Reliability Council of Texas) requirements.

The power plant, to be called "Greenville Engine Plant" will operate on pipeline quality natural gas and feature three Wärtsilä 20V34SG engines, along with mechanical, electrical and control auxiliaries, switchgear and exhaust emission controls. Additionally, Wärtsilä will provide installation and commissioning support, as well as factory training.

"Wärtsilä was chosen due to the efficiency of their engines and fast start capability which will allow GEUS to self-provide energy during intervals of high market prices," said David McCalla, GEUS General Manager. "This addition to our resource portfolio supports GEUS' mission of providing the most economical, reliable power available to the Greenville, Texas community," McCalla added.

"Wärtsilä is delighted to be working with Mr. McCalla and his team at GEUS, the first municipally-owned electric utility in Texas, for this new flexible power plant", says Wayne Elmore, Business Development Manager for Wärtsilä in North America. "This much needed project will provide clean, high efficiency peaking and fast response power to Greenville and the ERCOT market."

The plant will be connected to the local utility's grid and located on an existing power plant site in Greenville, Texas, which is about 50 miles northeast of the Dallas-Fort Worth Metroplex. The equipment is expected to arrive at the site in August of 2010, with the entire plant entering commercial operation in the fourth quarter of 2010.

Wärtsilä's flexible power plants - a superior alternative

Wärtsilä's flexible power plants features include the ability to reach full plant output in eight minutes, provide 25 percent power in two minutes, the highest simple cycle efficiency available in the industry, constant performance over varying ambient conditions, low lifecycle costs, small unit sizes and rapid response to varying grid conditions.

Wärtsilä's natural gas fueled technology has the capability to operate efficiently at low loads. This feature not only translates into lower electricity costs for GEUS' consumer/owners, but it also increases the number of megawatts of "non-spinning reserve" available to the ERCOT grid, thereby increasing the value of the plant. Additionally, Wärtsilä's flexible power plants are able to supply all commercially traded ancillary services, including black start capabilities.

Wärtsilä's flexible power plants also allow customers to meet today's increasingly stringent air quality requirements. Furthermore, by employing a closed loop cooling system, Wärtsilä's engines do not consume process water or require significant wastewater treatment or disposal. This helps to address the growing concern over water supply in many areas of the US.

About GEUS

GEUS became the first municipally-owned electric utility in Texas in 1891. In 2001, 110 years later, it became the first municipally-owned cable television and high speed Internet operation in Texas. GEUS offers these services to the 26,000 plus consumer\owners living in the Greenville, Texas area located approximately 50 miles east of Dallas, Texas. GEUS is governed by an autonomous board of trustees that is appointed by the Greenville City Council.

For further information about GEUS, please contact:

David McCalla GEUS General Manager 903-457-2800 dmccalla@geus.org www.geus.org

About Wärtsilä Corporation

Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 17,000 professionals manning 160 Wärtsilä locations in 70 countries around the world. Wärtsilä is listed on The Nordic Exchange in Helsinki, Finland. www.wartsila.com/power

For further information, please contact:

Sabrina Garg Maria Nystrand Senior Marketing Specialist Public Relations Manager Wärtsilä North America Marketing Communications Direct tel: 281-233-6209 Wärtsilä Finland Oy Email: sabrina.garg@wartsila.com Direct tel: +358 10 709 1456 Email: maria.nystrand@wartsila.com

Wärtsilä Oyj Abp

http://www.wartsila.com

ISIN: FI0009003727

Stock Identifier: XHEL.WRT

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