Wärtsilä to supply 300 MW power plant to Bangladesh's Summit Group

Wärtsilä Corporation, Press release, 18 August 2017 at 12.00 pm EET

The technology group Wärtsilä today announced it had signed a contract with Bangladesh-based Summit Group to supply equipment totalling 300 MW. The power plant will be located in Gazipur and comprises eighteen Wärtsilä 46 engines operating on heavy fuel oil. The scope of supply for this project are the engine sets along with auxiliaries. The order is added to Wärtsilä's order book for the third quarter. This is a fast-track delivery, which will be fully completed in nine months. The equipment is scheduled to be delivered by November 2017 and the power plant is expected to be fully operational in March 2018.

The Bangladeshi economy, industries and population are growing and this growth puts strain on power supply and creates a need for more reliable power generation that can be added to the national grid. Time is also of essence as new generation will further stabilize power supply. Summit Group appreciates Wärtsilä's ability to deliver engines quickly. Summit Group and Wärtsilä have been working together for 20 years and have a strong relationship together. Previously this year, a contract of 150 MW was signed with the Summit Group in Gazipur, which - with the new power plant - amounts to a total of 450 MW in the area.

"We are thrilled that our cooperation with Summit Group continues. They know from previous experience that we provide them with reliable technology and equipment and that we are able to complete this project with a tight schedule," says Göran Richardsson, Regional Director at Wärtsilä. 

Summit Group supplies over 1500 MW to the Bangladesh grid and is regarded as one of the most reliable and efficient power producers in the country. With this recently signed contract, Wärtsilä now has an installed base of 3300 MW in Bangladesh.

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Caption: The agreement was signed by Mr Mozammel Hossain, Summit Group and Mr Jillur Rahim, 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

Kristian Mäkelä
Director, Sales & Marketing
Wärtsilä Energy Solutions
Tel: +358 40 148 3565
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 63 GW of installed power plant capacity in 176 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.
www.wartsila.com