Wärtsilä wins power plant orders in excess of EUR 200 million – Largest ever power plant to Honduras

Wartsila Corporation
  • Press release
28 August 2003 at 3:01 AM E. Europe Standard Time

Wärtsilä Corporation, Press release 28 August 2003

Wärtsilä has won power plant orders for over EUR 200 million in July and August. Wärtsilä´s largest ever power plant, with an output of over 250 MW, will be delivered to Honduras. Wärtsilä will also deliver a 100 MW power plant to Sri Lanka. The value of the Honduras and Sri Lanka plants is over EUR 150 million. Smaller orders have been received from various countries in addition to these projects.

“We are very proud of these orders. They clearly demonstrate the strengths and competences of our power plant business,” says Mr Ole Johansson, President & CEO of Wärtsilä Corporation. “The Latin American markets and South Asia have for a long time been focus areas for our heavy fuel oil solutions and we will continue to pursue these opportunities.”

Wärtsilä announced in July that it is reviewing its position and capacities within the Power Plants Division. The results of this review will be announced this autumn.

The customer in Honduras is Luz y Fuerza de San Lorenzo S.A. (Lufussa) in Pavana, Honduras, Central America. The power plant, which will run on heavy fuel oil, will enter commercial operation in two phases: the first phase in 12 months and the second phase three months later will bring the plant to its full capacity of 250.7 MW.  The power will be distributed in the region of the Honduran capital Tegucigalpa, where it is urgently needed.

“Wärtsilä’s technology was selected for its demonstrated economic, reliable and environmentally friendly operation on low-cost fuels,” says Mr Frank Donnelly, Vice President of Wärtsilä North America, Inc. and head of the Power Plant business in America.

The power plant to be delivered to Sri Lanka will also run heavy fuel. It will be in commercial operation in about one year´s time. The customer is an IPP company, Lakdhanavi, which sells electricity to the grid.

Wärtsilä is the leading global ship power supplier and a major provider of decentralized power generation systems and of supporting services. In addition Wärtsilä operates a Nordic engineering steel company Imatra Steel and manages a substantial holding to support the core business. Wärtsilä’s net sales in 2002 totalled EUR 2.5 billion and the Group has 12,500 employees.


Eeva Kainulainen
Vice President, Corporate Communications
Wärtsilä Corporation
Direct tel: +358 10 709 5235
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Internet: www.wartsila.com