Energizing India
Wärtsilä power plants are the ideal solution for decentralized power production and an attractive alternative to the conventional model of centralized power plants.
Wärtsilä’s solutions are available for large plants of 500 + MW capacity. Our gas based power plants are highly flexible and offer the following benefits:
Our power plants can be used for base-load applications or for peak-load needs or to complement wind energy. Our engines can handle liquid fuels such as HFO/LSHS, LFO, LBF or natural gas. Versatile dual-fuel engines can switch between liquid fuel and gas, on line. The CCHP solutions have a very low CO2 footprint, and merit status of ‘deemed renewable energy’.
We provide complete EPC solutions and lifecycle O&M support.
Wärtsilä has been involved with the Indian market for over 25 years, and has an installed base that exceeds 3500 MW, with a large service organisation to provide lifecycle support to customers. Many of the engines have clocked over 1,00,000 hours of operation. The 48MW power plant at Mangalore Chemicals & Fertilisers Ltd has completed 25 years of continuous generation.
For India to take a rightful place in the group of developed nations, electrical energy availability to each section of the population in stable and adequate quantity is a must. Energy demand fluctuates during the course of 24 hours in a day, during passage of different seasons and also sees substantial unpredictability over the years based on climatic condition, political and social expressions and many other factors specific to that year. Introduction of renewable power feed such as wind & solar etc. though extremely desirable from environment & sustainability point of view, adds more unpredictability to the supply-demand situation in the grid.
Wärtsilä leads the transition towards a 100% renewable energy future. We help our customers in decarbonisation by developing market-leading technologies. These cover future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS energy management platform. Wärtsilä Energy’s lifecycle services are designed to increase efficiency, promote reliability and guarantee operational performance.
Our track record comprises 74 GW of power plant capacity and more than 80 energy storage systems delivered to 180 countries around the world.
The electricity landscape in India is evolving rapidly. The government is committed to increasing the share of non-fossil fuels in the electricity mix to 50 percent by 2030. Increasing the share of renewables in the electricity mix will make the power system more sustainable. However, the efficient integration of renewables in the grid can be rather cumbersome without suitable balancing resources.
Managing India's power system is becoming increasingly complex as it's resource mix evolves to include more weather dependent, decentralised, and variable renewable energy sources. In order to deal with such complexity, the system operator will need more flexibility to serve load while maintaining grid reliability.
Considering the changing system needs, Wartsila commissioned KPMG to carry out an Ancillary Services Market Study to understand the market structure in India. How can we provide appropriate price signals to reflect both operational and resource requirements while encouraging efficient investment and retirement decisions?
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Wärtsilä, in collaboration with the Lappeenranta-Lahti University of Technology (LUT), has carried out a modelling study to explore the feasibility of a net-zero power system across India by 2050. The findings of the study show that India can undertake a cost-optimal shift to 100% renewable energy (RES) and avoid locking in a highly polluting, more expensive and less effective transition.
Wärtsilä India, a subsidiary of the technology group Wärtsilä Corporation, has appointed Mr. Venkatesh R as the new Managing Director & Director, Energy Business, India.
Mr. Venkatesh comes with 30 years of experience in the Marine and Energy sectors. During his career in Wärtsilä for over 25 years, he has worked in India, Singapore and Finland managing various strategic roles. His latest role with Wärtsilä has been as Area Director for Middle East Asia based in Singapore.
Commenting on the appointment, Mr. Frederic Carron, Chairman, Wärtsilä India Private Ltd and Vice President, Middle East & Asia, Energy Business said, “Venkatesh has an outstanding career spanning over 30 years in the industry. We are confident that his experience in Business Strategy & Transformation, Project & Contract Management, and Quality & Operational Development will further facilitate profitable growth for Wärtsilä in India. We look forward to utilizing his expertise and experience in taking the company’s goal and vision forward.”
“I am honoured and excited to lead an organisation with such a rich legacy, filled with dedicated and passionate individuals. I look forward to enhancing Wartsila India’s market leadership with innovative life cycle solutions and accelerating the Renewables and Decarbonisation journey, propelling the business to greater heights.” commented Mr. Venkatesh on his appointment.
In India since the early 1980s, Wärtsilä has contributed immensely to the Power segment of the country. Wärtsilä has 35 years of experience in providing complete lifecycle power solutions for the Indian Marine & Energy markets. Wärtsilä has more than 500 employees in India and has delivered around 250 power plants to India with total output of over 3500 MW. In the Marine market, Wärtsilä has delivered a broad range of solutions to various marine segments, including Navy, Coast Guard, Port Trusts, Merchant Shipping, floating cranes and offshore rigs.
For more information, please contact:
Mr Neelayam Sorte
Communications & Branding
Wärtsilä India Private Limited
Tel: +91 7045476881
neelayam.sorte@wartsila.com
Wärtsilä in brief:
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics,
Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä's net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations
in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
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