Wärtsilä to supply equipment for two new power plants to Bangladesh

Wärtsilä Corporation, Trade press release 21 June 2010 at 10:00 UTC+2

Wärtsilä, a leading global supplier of decentralised power plant solutions, in June received equipment orders for two new power plants to be supplied to customers in Bangladesh. The government of Bangladesh has established an urgent plan for dealing with the current power shortage, and these two new power plants will add significant generating capacity to the national grid. The value of the two contracts is approximately EUR 68 million.

Summit Naryanganj Power Co. Ltd, an independent power producer (IPP), has ordered Wärtsilä 46GD gas-diesel engines and auxiliary equipment for its Naryanganj power plant project. Although the site does not currently have access to gas supplies, the dual-fuel engines can be switched from heavy fuel oil (HFO) operation to gas at a later stage when gas eventually becomes available.

The Wärtsilä gas-diesel technology offers a unique degree of fuel flexibility, permitting the engines to run on a variety of fuels including crude oil, heavy fuel oil, light fuel oil, natural gas, associated gas, or any combination of liquid fuel and gas. In addition, the technology is insensitive to variations in the fuel composition. This feature enables even further flexibility in the utilization of different kinds of fuel for power generation.

“The ability of the Wärtsilä generating equipment to operate on either HFO or gas, and to be able to switch effortlessly from one to the other, was a key factor throughout the negotiations of the Narynaganj project,” commented Göran Richardsson, Business Development Manager for Bangladesh, Wärtsilä Power Plants.

Another IPP, Khulna Power Unit II Ltd., has ordered Wärtsilä 46 engines and auxiliary equipment for its Khulna Extension project. In view of the urgency of the situation in Bangladesh, both orders are being handled on a fast-track basis, and the power plants are scheduled to be in operation as early as March 2011.

"We are pleased to work with Wärtsilä to help solve Bangladesh's power crisis. In this regard I am pleased to recall that in 1997 when Bangladesh was suffering similar power shortages, in partnership with Wärtsilä, we supplied 234 MW of barge mounted power plants to solve the problem. Now, in 2010 we are again working together to provide fast track optimized solutions to help Bangladesh," said Muhammed Aziz Khan, Chairman of Summit Narayanganj Power Co. Ltd. and Khulna Power Unit II Ltd.

“We have worked closely with all parties involved throughout the planning and tendering process, and we are extremely pleased that our power solutions have been selected. It is our intention to do everything possible to assist our customers and the government of Bangladesh in meeting the urgent power requirements,” added Göran Richardsson.

Wärtsilä currently has around 600 MW of generating capacity installed in Bangladesh.

For further information, please contact:

Göran Richardsson
Business Development Manager
Wärtsilä Power Plants
Tel: +358 40 506 0739
e-mail: goran.richardsson@wartsila.com

Maria Nystrand
Publicity Manager,
Wärtsilä Power Plants
Direct tel: +358 10 709 1456
e-mail: maria.nystrand@wartsila.com

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 2009, Wärtsilä’s net sales totalled EUR 5.3 billion with more than 18,000 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.