Wärtsilä Corporation, Press Release 14 March 2002
Wärtsilä has been awarded three gas power plant contracts in Hungary. The contracts are Wärtsilä’s first significant power plant projects in Hungary. Sinergy Kft, a leading investment company in Hungary, has ordered two power plants, one to be built in Kazincbarcika and the other in Tiszaújváros. These plants will generate electricity for the local grid. They are scheduled for delivery in April and for commercial start-up in September this year.
Wärtsilä received the third contract from Györhö District Heating Company, which supplies heat to the City of Györ. This gas power plant has a planned output of 10,920 kWth heat and 12,000 kWe electricity. The equipment will be supplied in the summer and the new power plant will be fully operational in October 2002.
All three contracts also include a 10-year maintenance agreement.
Hungarian district heating utilities are expanding their commercial activities into producing electricity, which they sell to the national grid. This new business move has been brought about by new Hungarian legislation which enables a district heating company to sell electricity below 20 MW to the national grid.
Wärtsilä was awarded these contracts following tough international competition. The awards were based on the high electrical efficiency of the Wärtsilä engines.
Wärtsilä is the leading global ship power supplier and a major provider of solutions for decentralized power generation and of supporting services.
In addition Wärtsilä operates a Nordic engineering steel company Imatra Steel and manages a substantial share holding to support the development of its core business.
Vice President, Corporate Communications
Direct tel: +358 40 568 0591