Wärtsilä receives largest power plant order ever: 160 MW power plant for Guatemala

Wärtsilä Corporation, Press release 14 January 2002 at 15:00 UTC+2

Wärtsilä Corporation has won its largest power plant order ever in terms of contract value. The value of the order is in excess of EUR 130 million. The new plant to be supplied to Duke Energy International Guatemala Operaciones Limitada (DEI), will initially use heavy fuel oil and is capable of using advanced emulsified fuel. The power plant facility will be located in San Jose, Guatemala.

"Wärtsilä’s technology was selected for its demonstrated ability to economically and reliably operate power plants on low cost fuels.  Wärtsilä is also negotiating with DEI to provide operation and maintenance services to the power plant", says Mr Thomas Carbone, President of Wärtsilä North America Inc., and head of the Power Plant business in America.

Wärtsilä will be supplying the state-of the-art technology and providing the construction and installation services.

Duke Energy, a diversified multinational energy company, creates value for customers and shareholders through an integrated network of energy assets and expertise. Duke Energy manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses -- generating revenues of more than $49 billion in 2000. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 100 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

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 and manages a substantial holding to support the core business. Wärtsilä´s net sales in 2000 were EUR 2.7 billion and the number of employees was 10,500.


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