Wärtsilä likely to be awarded 600 MW ...

Wärtsilä Corporation, Company Announcement, 31 January 2012, at 3:00 PM (EET)

A bid consortium consisting of Korea Electric Power Corporation, Mitsubishi Corporation and Wärtsilä Corporation has been selected by National Electric Power Company of Jordan (NEPCO) to build and operate IPP3, an independent power producer project in Jordan.

The bid consortium intends to sign a turnkey contract for the project with a separate EPC consortium, led by Wärtsilä. The total output of the power plant will be approximately 600 MW and once completed, it will supply electricity to NEPCO.

After signing of the expected contracts and the financial closing of the project, the power plant order will be announced later this year.

For further information, please contact:

Vesa Riihimäki
Group Vice President, Power Plants
Wärtsilä Corporation
Tel: [phone]
[e-mail]

Markus Pietikäinen
Vice President, Group Treasury & Financial services
Wärtsilä Corporation
Tel: [phone]
[e-mail]

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 2011, Wärtsilä's net sales totalled EUR 4.2 billion with approximately 18,000 employees. The company has operations in nearly 170 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com

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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE

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