Wärtsilä wins two service contracts to operat...

Wärtsilä Corporation, Trade and Technical Press release, 5 October 2009 Wärtsilä, a leading supplier of flexible power plants and services to the decentralized power generation market, has been awarded operations and maintenance (O&M) agreements by the Nishat Group of Companies for two of its power plants in Pakistan. The 5-year agreements call for Wärtsilä to operate, maintain, and supply all labour and spare parts for the Nishat Power Limited (NPL) and Nishat Chunian Power Limited (NCPL) plants. NPL and NCPL are Independent Power Producers (IPP) supplying electricity to Pakistan's national grid. Each of these two plants will utilize eleven Wärtsilä 18V46 engines and a steam turbine to produce a total electrical output of 200 MWe. Both the NPL & NCPL power plants are located near the city of Lahore, and are scheduled to become operational in the 3rd quarter of 2009 and 1st quarter of 2010, respectively. "Wärtsilä and the Nishat Group have worked together as one team throughout the development of both these projects, which are now undergoing installation and commissioning. We are very happy with the level of support that we have received from Wärtsilä, and have been extremely satisfied with the company's products and services. This experience encouraged us to award operations and maintenance agreements for both the projects to Wärtsilä," says Mr. Mian Mohammad Mansha, Chairman of the Nishat Group. Wärtsilä already has a strong presence in Pakistan, with nearly 1800 MW of Wärtsilä power plants either in operation or under construction. The Nishat O&M orders mean that more than half of this output will be operated and maintained by Wärtsilä's own personnel under O&M agreements. "We have supplied the power plants for several businesses belonging to the Nishat Group, including these two plants. Wärtsilä has an O&M agreement for the 33 MW captive power plant at DG Cement, which is also a part of the Nishat Group. We are delighted and honoured to continue our excellent relationship with Nishat. Our proven track record in Pakistan, together with our local service support and capabilities are key factors in Wärtsilä being entrusted with the operational responsibility for these two power plants," says Christoph Vitzthum, Group Vice President, Wärtsilä Services. Wärtsilä O&M agreements are tailored to the needs of its customers. The O&M agreement programme is designed to cover all aspects of operating and managing an installation, including O&M planning, day-to-day operation, scheduled and unscheduled maintenance, administration, human resources and training, technical support, logistics management and security. This comprehensive programme enables the plant owner to focus on the company's core business, whilst Wärtsilä ensures optimal plant performance throughout the complete operational cycle, from receiving fuel to supplying energy. Globally, Wärtsilä operates close to 140 power plant installations in 30 countries, supplying a total of close to 4700 MW of power. The Nishat Group of Companies is present in a number of Pakistan's major business sectors, including textiles, cement, banking, insurance, paper products and aviation. Now the group is venturing into power generation through the establishment of NPL and NCPL. For further information, please contact: Mr Rashid Shamsi General Manager, Services Wärtsilä Pakistan Tel.: +92 42 35418846 Mobile: +92 300 8451696 e-mail: rashid.shamsi@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 2008, Wärtsilä's net sales totalled EUR 4.6 billion with 19,000 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
UK 100

Latest directors dealings