Wärtsilä NSD Corporation, Press release 24.2.2000
Wärtsilä NSD is to supply an 81.3 MW power plant to the Tata Electric Company (TEC) in Belgaum, India. The power plant, a turnkey project, comprises five Wärtsilä 46 engines and auxiliary equipment.
TEC is a local power utility generating and distributing electricity to the city of Mumbai and its environs as well as the state of Maharashtra. As an independent power producer (IPP) TEC will build and own the new power plant and sell the electricity it produces to the national grid. TEC will build the plant based on an electricity sales agreement with the state of Karnataka. The power plant will be completed in January 2001.
India is a major power market for Wärtsilä NSD. The company’s main customers in India have traditionally been industrial companies, which purchase their own power plants to ensure an uninterrupted power supply. Deregulation of the Indian electricity market is creating demand for IPP-type power plants, one of the first of which is this new Wärtsilä NSD installation.
In 1999 Wärtsilä NSD delivered altogether 3.663 MW marine and power plant engines, of which 1.320 MW power plant engines. Wärtsilä NSD Corporation generated MEUR 1.896,6 in net sales. The power plant net sales were MEUR 655,4 million. Wärtsilä NSD employs 9300 people.
Vice President, Corporate Communications
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