Wärtsilä wins a major EUR 155 million power plant order from the Dominican Republic

Wärtsilä Corporation, Stock exchange release, 7 September 2011 at 12:30 UTC+2

Wärtsilä, a leading global supplier of flexible and efficient power plant solutions, has been awarded a turnkey contract to supply a gas-fired power plant to the Dominican Republic. The new power plant will provide electricity for a gold mine. The value of the order is EUR 155 million.

The contract was signed with Barrick Gold of North America, Inc., a subsidiary of the Canada based Barrick Gold Corporation. The power plant will serve and supply electricity for the Pueblo Viejo gold mine.

Wärtsilä’s scope of supply includes 12 dual fuel Wärtsilä 50DF engines, as well as a full engineering, procurement, and construction contract for the project. The dual-fuel flexibility of these Wärtsilä engines is an important advantage, since they can run both on liquid fuels and on natural gas.

“This is a major contract for Wärtsilä. The high efficiency of Wärtsilä’s combined cycle technology and the fast-track construction schedule were key factors in Wärtsilä being awarded this significant order. The dual-fuel capability and competitive investment costs were important factors as well,” says Mr Sampo Suvisaari, General Manager, Central America and the Caribbean, Wärtsilä Power Plants.

Barrick Gold was already a customer of Wärtsilä prior to this order. Wärtsilä has earlier delivered two power plant projects to the company.

Wärtsilä has a strong presence in the Dominican Republic with already 900 MW of installed generating capacity in the country.

For further information, please contact:

Mr Sampo Suvisaari
General Manager, Central America and the Caribbean
Wärtsilä Power Plants
Tel: +1 713 598 2851

Mr Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel: +358 40 5476390

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 maximises the environmental and economic performance of the vessels and power plants of its customers. In 2010, Wärtsilä’s net sales totalled EUR 4.6 billion with more than 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com