Wärtsilä to supply additional 200 MW of smart po

Wärtsilä Corporation, Press release, 12 October 2017 at 9.00 am EEST

The technology group Wärtsilä continues to alleviate the shortage of electric power in Bangladesh with the supply of equipment for yet another power plant project in Mymensingh. This is the sixth new power plant to be ordered with Wärtsilä equipment by Bangladeshi companies in 2017. The 200 MW plant is being built by United Mymensingh Power Ltd and when completed in June 2018, it will feed much needed electricity to the national grid. The order with Wärtsilä was booked in September 2017.

The government of Bangladesh is making a strong effort to increase the number of households with access to electricity. As of 2016, only 76 percent of the country's houses were connected to the grid, and the aim is to increase this to 98 percent by the year 2021. There is, therefore, an urgent need for new, reliable power capacity, and Wärtsilä's proven ability to deliver generating equipment on a fast-track basis and to provide local support for the installations, continues to be a crucial factor in the award of these contracts.

"We have an implementation time for this project of just nine months, so having an equipment partner who we can trust to deliver on schedule is of immense value to us. We already have three other plants running on Wärtsilä generating equipment, hence we have good experience with the company and know that we can rely on their high quality engines," commented Mr Moinuddin Hasan Rashid, Managing Director of United Group.

The new plant will operate on a total of 21 Wärtsilä 32 engines running on heavy fuel oil (HFO). Delivery of the equipment is scheduled for January 2018. With this latest order, Wärtsilä's total installed base in Bangladesh will be in excess of 3900 MW.

Link to image Caption: The agreement was signed by Mr Moinuddin Hasan Rashid, Managing Director of United Group, and Mr Jillur Rahim, Managing Director, Wärtsilä Bangladesh.

For more information, please contact:

Göran Richardsson Regional Director, South East Asia Wärtsilä Energy Solutions Tel: +358 40 506 0739 goran.richardsson@wartsila.com

Kristian Mäkelä Director, Sales & Marketing Wärtsilä Energy Solutions Tel: +358 40 1483565 kristian.makela@wartsila.com

Wärtsilä Energy Solutions in brief Wärtsilä Energy Solutions is a leading global energy system integrator offering a broad range of environmentally sound solutions. Our offering includes ultra-flexible internal combustion engine based power plants, utility-scale solar PV power plants, energy storage & integration solutions, as well as LNG terminals and distribution systems. The flexible and efficient Wärtsilä solutions provide customers with superior value and enable a transition to a more sustainable and modern energy system. As of 2017, Wärtsilä has 65 GW of installed power plant capacity in 177 countries around the world. www.smartpowergeneration.com

Wärtsilä in brief Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki. https://www.wartsila.com/