Wärtsilä to supply two power plants to Arctic Russia

Wärtsilä Corporation, Press release 2 January 2006 at 14:00 UTC+2

Wärtsilä has received two significant orders for power plants in the Russian Arctic. The two contracts are worth approximately EUR 30 million.

The first contract, awarded in October, is for a 32 MW power plant to generate electricity for the Varandey oil terminal on the Pechora Sea in northwest Russia. The oil terminal and its power plant are being constructed by the Russian contractor Globalstroy-Engineering. The power plant will be taken into operation in 2007.

The second contract, placed by Bema Gold Corporation in November, is for a 20 MW plant for the company’s Kupol Project, a gold and silver mine located in the Chukotka Autonomous Okrug of Siberia. This cogeneration plant, producing both electricity and heat, will be taken into operation in summer 2008.

Wärtsilä has considerably experience of supplying power plants for the harsh conditions of the Arctic. These conditions require materials resistant to low temperatures and systems designed specifically for this environment.

Further information:

Eeva Kainulainen, Vice President, Corporate Communications +358 10 709 5235

This is the shorter of two versions of this press release. The longer version contains more technical information.