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Wärtsilä Lanka to increase efficiency and reliability of State Electric Company (STELCO) Maldives

Wärtsilä Lanka (Pvt) Ltd.,
  • Local news
09 June 2015 at 9:00 AM E. Europe Standard Time
Wärtsilä Lanka, a fully owned subsidiary of Wärtsilä Corporation, has signed a three year service agreement with the State Electric Company of Maldives (STELCO) in May 2015 in Colombo, Sri Lanka.

Under the terms of the service contract, Wärtsilä Lanka will ensure the timely and accurate delivery of spare parts to support maintenance activities, along with training STELCO engineering personnel and the exchange of technological know-how.

STELCO will also benefit from other Wärtsilä Lanka value offerings such as highly qualified expert technical support, onsite engineering expertise including advisory services, periodic inspection visits, troubleshooting service and technical audits.

The State Electric Company Ltd (STELCO), established in 1949,is a fully owned energy and electricity provider of the Maldives Government with total installed capacity of nearly 80 MW. The main installation is located at the capital island, Male, with installed capacity of 60 MW. of this, 30 MW of energy output is from Wärtsilä engines.

“We are pleased to partner with STELCO and I am confident that both State Electric Company of Maldives and Wärtsilä Lanka will mutually benefit from this service agreement. We will add value to STELCO’s operations with our expertise, close proximity and reliability, thereby strengthening the foundation of our relationship and paving the way for further cooperation between our two companies,” said Mr Göran Richardsson, Chairman of Wärtsilä Lanka.

"This service agreement shows the good understanding and the close relationship between the two neighboring islands as well as between the two companies. We are delighted to partner with the State Electric Company of Maldives. This service agreement represents a recognition of Wärtsilä’s service capabilities and expertise,” said Mr James Rajan, Managing Director of Wärtsilä Lanka, and Director, Service Unit South Asia.

“Maldives is a fast growing island nation mainly thriving on tourism and resorts. It has no natural resources whatsoever to generate electricity butto rely mainly on power generation along with sustainable renewable energy. We need our power plants to perform on optimum levels at all times with highest efficiency and reliability. Power generating failures will disrupt the economy and the livelihood of the entire country,“ said Mr Abdul Shakoor, Managing Director, STELCO. “This service contract is really important for STELCO as it will financially benefit us. Also, we will get accessto and see a transfer of the latest technology advancements in operational and maintenance of power plants directly to our own staff. We are happyto partner with Wärtsilä,” Mr Shakoor added.

Wärtsilä Services in brief
Wärtsilä Services creates lifecycle services for its customers, enhancing their business – whenever, wherever. We provide industry’s broadestrange of services for both shipping and power generation. Our solutions range from spare parts and basic support to ensuring maximised lifetime, increased efficiency and guaranteed performance of customer’s equipment or installation – in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2014, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 17,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.

State Electric Company of Maldives in brief
State Electric Company Limited (STELCO) is a Government owned company of Maldives responsible for the generation, distribution and sale of electricity to the capital Male’ and to some of the outer islands of Maldives. STELCO has a proud history of over 66 years of delivering exceptional services to the general public. At present, STELCO provides electricity to over 45% of the population of the country, with a total installed capacity of over 45 MW’s.
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