Wärtsilä receives EUR 150 million pow...

Wärtsilä Corporation, Company Announcement, 27 December 2011 at 9.15 am EET

Wärtsilä has been awarded the contract to supply a complete dual-fuel power plant to the Dominican Republic. The turnkey project has been ordered by Empresa Generadora de Electricidad Haina (EGE Haina), the largest power generation company in the Dominican Republic. The value of the order is approximately EUR 150 million.

The Quisqueya II power plant ordered by EGE Haina will feature 12 Wärtsilä 50DF generating sets running primarily on natural gas, but with the capability to switch to heavy fuel oil as needed. The plant is scheduled to be fully operational during the second half of 2013, and will supply baseload electricity to the national grid.

This will be a twin power plant to the Quisqueya I plant located at the same site, which was ordered by Barrick Gold in September 2011. The two power plants have a total output of 430 MW. They have separate owners, but both plants will be constructed on the same site as a single unit, that can be operated from one control room.

"This Quisqueya I and II power plant complex becomes the biggest power plant in the world, delivered by Wärtsilä. This is solid proof of the attractiveness of the Wärtsilä's Flexicycle(TM) combined cycle solution. A key factor in the award of this important contract to Wärtsilä was the high efficiency offered by the Flexicycle(TM) solution. The suitability of a power plant based on multiple generating units for a relatively small power grid, and the dual fuel capability, were also crucial considerations," says Sampo Suvisaari, General Manager, Central America and the Caribbean, Wärtsilä Power Plants.

EGE Haina, a 50 per cent state-owned and 50 per cent privately owned company, owns several power plants in the Dominican Republic including a 150 MW barge-mounted power plant supplied by Wärtsilä. Wärtsilä already has a very strong presence in the country having more than 1100 MW of installed electricity generating capacity in operation.

For further information please contact:

Mr Sampo Suvisaari
General Manager, Central America and the Caribbean
Wärtsilä Power Plants
Tel: [phone]
[e-mail]  

Mr Atte Palomäki
Group Vice President, Communications & Branding
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 2010, Wärtsilä's net sales totalled EUR 4.6 billion with more than 17,500 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

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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE

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