Technology group Wärtsilä has signed a five-year renewal of its Operation and Maintenance (O&M) Agreement with Phil. Gold Processing & Refining Corp for the Masbate Gold Project (MGP) power plant located on Masbate Island in the Philippines. Wärtsilä has operated and maintained the power plant since 2009, and the renewal order was booked by Wärtsilä in June 2023.
Phil. Gold operates the processing plant in the MGP operations. Phil. Gold is fully owned by B2Gold Corp. B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada, and owns three operating gold mines and numerous development and exploration projects in various countries including Mali, the Philippines, Namibia, Canada, Colombia, Finland and Uzbekistan.
The Masbate mine is remotely located some 360 km southeast of the country's capital, Manila and has no connection to the grid. The power plant is, therefore, the sole source of electricity, and its operational reliability is essential to maintain the mine’s production schedules.
“The plant’s availability, efficiency, and reliability are critical to our operations. Wärtsilä has provided the professional support to ensure that we get the power we need for the past fourteen years, so it was natural that we continue this agreement,” commented Ryan Rusk, President at PGPRC.
“Wärtsilä has extensive experience in providing power to mining operations around the world. The locations can be challenging, often with high ambient temperatures and limited water supplies for cooling purposes. Our engine technology is designed to deal with these conditions, and our maintenance agreements are built around serving the specific needs of each individual customer. We have developed a strong relationship with PGPRC over the years, and we are delighted to continue this cooperation with this contract extension,” said Kari Punnonen Energy Business Director, at Wärtsilä.
The power plant, which has recently been expanded, has a maximum output of 47 MW. In the Philippines, Wärtsilä has altogether 1600 MW, 104 MW is operated by Wärtsilä under O&M agreements.
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Image caption: Wärtsilä has signed a five-year renewal of its Operation and Maintenance agreement for the Masbate Gold Project power plant located on Masbate Island in the Philippines. © PGPRC
Wärtsilä Energy in brief
Wärtsilä Energy leads the transition towards a 100% renewable energy future. We help our partners to accelerate their decarbonisation journeys through our market-leading technologies and power system modelling expertise. These cover decarbonisation services, future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS Digital Energy Platform. Wärtsilä Energy’s lifecycle services are designed to increase efficiency, promote reliability and guarantee operational performance. Our track record comprises 76 GW of power plant capacity and 110 energy storage systems delivered to 180 countries around the world.
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in more than 240 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä’s net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki.