Wärtsilä wins another power plant equipment contract from Bangladesh

Wärtsilä Corporation, Press release, 30 October 2017 at 10.30 a.m. EEST

The technology group Wärtsilä has been awarded yet another contract to supply power generating equipment to Bangladesh. This latest order, which was booked in October 2017, is for a 100 MW power plant project in Chittagong being built by Karnaphuli Power Ltd, owned by Baraka Group. It is the seventh order that Wärtsilä has received this year for power generating equipment from Bangladeshi companies.

The baseload plant will be powered by six Wärtsilä 50 engines running on heavy fuel oil (HFO), and the low heat rate, high efficiency, and excellent reliability of this engine were emphasised in the award of this contract. Furthermore, the project is being executed on a fast-track basis, and Wärtsilä's ability to comply with a demanding delivery schedule was another important factor. The Wärtsilä equipment is scheduled for delivery in January 2018, and the plant is expected to be operational four months later, in May.

"In order to support its social and economic growth, Bangladesh has an urgent need for more generating capacity. Wärtsilä has the flexibility to respond to this need by providing fast-track deliveries and strong locally based expertise," noted Mr Jillur Rahim, Managing Director, Wärtsilä Bangladesh.

"It has been a pleasure to work with Wärtsilä on this project as they have gone out of their way to meet our requirements, both with their equipment and the delivery arrangements. With such a demanding schedule, we needed full cooperation and Wärtsilä has provided it," commented Faisal Ahmed Chowdhury, Chairman, Baraka Group.

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.

When operational, the Karnaphuli plant will bring Wärtsilä's total power supply to Bangladesh to more than 4000 MW.

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Caption: The agreement was signed by Mr. Gulam Rabbani Chowdhury, Managing Director, Karnaphuli Power Ltd. & Mr. Göran Richardsson, Regional Director, South Asia, Wärtsilä Energy Solutions

For more information, please contact:

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

Jillur Rahim
Managing Director
Wärtsilä Bangladesh
Tel: +880 1713 443 245
jillur.rahim@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.
https://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/