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Wärtsilä Oyj Abp (HEL:WRT) Wärtsilä Corporation, Company announcement, 28 August 2008 at 1 pm (EET)
Wärtsilä received in August an order for a power plant project, representing two plants on the same site, to be delivered to a Brazilian energy consortium. The order, valued at EUR 159 million, has been placed by Geradora de Energia do Maranhao, a consortium made up of Brazilian energy providers Grupo Servtec, Grupo Ligna and FIP Brasil Energia.
The turnkey contract calls for two power plants, each with 19 Wärtsilä 20V32 engines giving a total output of 331 MW. The power plants are to be located in Miranda do Norte in the Brazilian state of Maranhao and they will run on high viscosity heavy fuel oil (HFO). Construction will begin in early November 2008, and the plants are scheduled to be fully operational before the end of 2009. Wärtsilä is currently negotiating a separate operations and maintenance (O&M) agreement with the customer.
This latest order follows three others, also for Brazil, signed by Wärtsilä earlier this year. The four orders will, together with other Wärtsilä power plants already in operation in Brazil, produce a combined generating capacity of more than 1500 MWe.
"Our recent orders further strengthen Wärtsilä's share of the energy supply in Brazil, and have put us in a very favourable position to further increase our future business volume in the region. The orders are testimony to the high efficiency of our products, the total power solution package that we can offer, and the support that we can provide locally. We enjoy very good relationships with our Brazilian customers, and this co-operation is a key factor in our success in the region," says Robson Campos, Regional Director, Wärtsilä Power Plants in Brazil.
Hydro power accounts for some 90 percent of Brazil's electricity production. Since Brazil produces its own oil, domestic fuel can be used to cover the energy gap during these critical energy supply periods when there is not sufficient water for hydro generation. The Wärtsilä power plants are expected to be operational for approximately 2000 hours per year between December and April, when water reservoirs are low.
For further information, please contact:
Mr Christoph Vitzthum Group Vice President Wärtsilä Power Plants Tel: +358 10 709 5670 christoph.vitzthum@wartsila.com
Wärtsilä in brief 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
