Wärtsilä wins service contract to operate and...

Wärtsilä Corporation, Trade and Technical Press release, 14 October 2010 Wärtsilä, a leading supplier of flexible power plants and services to the decentralized power generation market, has been awarded an operations and maintenance (O&M) agreement by Liberty Power Tech for its power plant in Pakistan. The 5-year agreement calls for Wärtsilä to operate, maintain, and supply all labour and spare parts for the Liberty Power Tech plant. Liberty Power Tech is Independent Power Producer (IPP) supplying electricity to Pakistan's national grid. This plant will utilize eleven Wärtsilä 18V46 engines and a steam turbine to produce a total electrical output of 200 MWe. It is located near the city of Faisalabad, and scheduled to become operational in the fourth quarter of 2010. "Wärtsilä and Liberty have worked together as one team throughout the development of this project, which is now undergoing installation and commissioning. We are very happy with the level of support that we have received from Wärtsilä, and are extremely satisfied with the company's products and services so far. This experience encouraged us to award the operations and maintenance agreement to Wärtsilä," says Mr. Ashraf Mukaty of Liberty Power Tech. Wärtsilä already has a strong presence in Pakistan, with nearly 1800 MW of power plants either in operation or under construction. This Liberty O&M order means that more than half of this output will be operated and maintained by Wärtsilä's own personnel under O&M agreements. "This is our first project with Liberty group. We are delighted and honoured to be part of this business relationship with Liberty. 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 this power plant," says Rashid Shamsi, General Manager, Services of Wärtsilä Pakistan. Liberty Mills Limited, the family's main entity, incorporated in February 1965, is in the business of manufacturing and processing all kinds of textile fabrics and made up furnishing. It was taken public in 1969 and its shares trade on Karachi Stock Exchange. 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. For further information, please contact: 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 [HUG#1451622] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
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