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 January 12, 2016 - 2:30 AM EST
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Wärtsilä to enhance performance and environmental efficiency of Flexicycle power plant in Mexico

Wärtsilä Corporation, Press release, 12 January 2016 at 9.30 am EET

Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, has signed a full scope, 10-year operations and maintenance (O&M) agreement with Central Generadora Electrica Huinala, S. De R.L. De C.V. for their Flexicycle power plant located near Monterrey, Mexico. The partnership between Wärtsilä and Central Generadora Electrica Huinala will ensure optimised performance, maximised lifetime and lifecycle costs guarantee for the power plant in a safe, reliable and environmentally sustainable way.

The extensive agreement was signed in November 2015 covering full operation and maintenance services that include staff for day to day operations and supplying spare parts and maintenance.

Wärtsilä has already in October 2014 signed a contract to supply the Flexicycle power plant with seven Wärtsilä 50SG gas engines, one of the largest gas engines in the world. The power plant will produce 139 MW of power and is scheduled to start operating in April 2016.

"In addition to Wärtsilä being an experienced and reliable operator, we wanted a partner that can provide us with improved power plant efficiency and financial predictability. This way we can focus on our core business and be sure that our operations run with high efficiency even in very challenging conditions," comments Juan Buitron, General Manager, Central Generadora Electrica Huinala.

"We are delighted to continue our co-operation with Central Generadora Electrica Huinala with this O&M agreement as this is a very unique project in many ways," says Tomas Rönn, Vice President for Area Americas, Wärtsilä Services. "Central Generadora Electrica Huinala has an important role in this project that unites three countries and allows electricity based on natural gas to be used for the first time in Guatemala, where oil is the largest source of electricity at the moment," Rönn continues.

Natural gas originates from the United States and electricity is generated in the Flexicycle power plant in Mexico. Afterwards the electricity is distributed to consumption to Guatemala under Power Purchase Agreements (PPA).

"We at Wärtsilä are thrilled to have an even bigger part in this project, in which we all work together for more environmentally-friendly operations. Natural gas is the cleanest fossil fuel in the world and with Wärtsilä's innovative gas technologies the combination of high efficiency and low emissions are obtained," Rönn adds.

Link to image
Caption: Rendering: Flexicycle power plant near Monterrey, Mexico

For further information, please contact:

Tomas Rönn
Vice President, Area Americas, Services
Wärtsilä Services
Tel: +1 954 401 9370

Andre Bosman
Service Unit Director, Central America and Caribbean
Wärtsilä Services
Tel: +1 809 988 8000

Hanna Viita
Director, Marketing
Wärtsilä Corporation 
Tel: +358 40 167 1755

Wärtsilä Services in brief
Wärtsilä Services creates lifecycle services for its customers, enhancing their business - whenever, wherever. We provide industry's broadest range of services for both shipping and power generation. Our solutions range from spare parts and basic support to ensuring maximised lifetime, increased efficiency and guaranteed performance of customer's equipment or installation - in a safe, reliable, and environmentally sustainable way.

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 maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2014, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 17,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
Wärtsilä Newsroom

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire


Source: Thomson Reuters ONE (January 12, 2016 - 2:30 AM EST)

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