Wärtsilä signs contracts to supply power plants worth USD 450 million to Iraq

Wartsila Corporation
  • Stock exchange release
17 March 2004 at 2:01 AM E. Europe Standard Time

Wärtsilä Corporation STOCK EXCHANGE RELEASE 17 March 2004 at 3.30

Wärtsilä has today signed two contracts to supply two 341 MW oil-fired power plants to Iraq with a total value of 450 million US dollars. These are the largest power plant orders ever in Wärtsilä’s history. Both power plants will be delivered to the Ministry of Electricity of Iraq close to Baghdad. Each power plant consists of  20 Wärtsilä 46 engines as prime movers, which will be delivered from Wärtsilä´s Trieste factory. The delivery will take place during this and next year.

Wärtsilä is The Ship Power Supplier for builders, owners and operators of vessels and offshore installations. We are the only company with a global service network to take complete care of customers’ ship machinery at every lifecycle stage.

Wärtsilä is a leading provider of power plants, operation and lifetime care services in decentralized power generation.

Net sales of Wärtsilä amounted to EUR 2.4 billion in 2003.


 

Eeva Kainulainen
Vice President, Corporate Communications
Wärtsilä Corporation
Direct tel: +358 10 7095 235
Direct fax:
e-mail: eeva.kainulainen@wartsila.com
Internet: www.wartsila.com