July 14, 2017 - 3:00 AM EDT
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Wärtsilä ensures optimal performance of Pampa Energia's multi-fuel power plant

Wärtsilä Corporation, Press release, 14 July 2017 at 10:00 am EEST

The technology group Wärtsilä will take full operations and maintenance responsibility for Pampa Energia S.A.'s installation Central Térmica Parque Pilar located in the Buenos Aires province, Argentina. Under the 10-year agreement, Wärtsilä will ensure the reliable electricity generation of the highly efficient Wärtsilä Smart Power Generation installation.

The efficient and flexible Wärtsilä engines chosen by Pampa Energia S.A., combined with Wärtsilä's extensive experience in operating large power installations, paved the way for the 10-year operation and maintenance (O&M) agreement, signed in May 2017. Upon completion, the Central Térmica Parque Pilar power plant will have an output of 100 MW. The base load facility is powered by six Wärtsilä 50DF multi-fuel engines and will run primarily on natural gas, with heavy fuel oil as a back-up fuel.

The installation is continuously remotely monitored, and the received data serves as the basis for Wärtsilä to constantly evaluate the power plant's performance in order to proactively mitigate any operational deviation, thus preventing and minimising unexpected downtime. Wärtsilä handles risk management and provides Pampa Energia with performance and lifecycle cost guarantees, ensuring efficient and optimised operations. The scope of services includes personnel for operations, spare parts and a full range of maintenance services, from scheduled service activities to predictive and unscheduled maintenance.

Strong commitment to create customer value

Esteban Rossit, Production Manager - Pampa Energia S.A. says: "This long term O&M contract signed with Wärtsilä Argentina S.A. demonstrates the commitment and willingness of two important companies to reaffirm a solid commercial partnership. Pampa Energia S.A. places its trust on the wide experience of Wärtsilä in order to defend the acquired commitments of the company with the Argentinean interconnected system for the supply of flexible, efficient and reliable energy."

Pampa Energia S.A. is the largest fully integrated electricity company in Argentina, which provides complete electric systems and is engaged in power generation, transmission, and distribution services for its customers in the country. Moreover, Pampa Energia S.A. also participates in oil and gas exploration and production activities, as well as in the refining and distribution of hydrocarbons with one of their recent company acquisitions, Petrobras Argentina.

"This is one of our biggest O&M contracts in the region; we are very excited and fully committed to create great value to Pampa," says Remigio Peñarreta, Services Unit Director, ANDES, Wärtsilä. "The Central Térmica Parque Pilar power plant will be a modern, highly efficient facility that represents Wärtsilä's expertise in Smart Power Generation. We are proud to partner with Pampa Energia S.A. and greatly appreciate the trust that they have shown us."

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Caption: Pampa Energia S.A.'s installation Central Térmica Parque Pilar located in the Buenos Aires province, Argentina.

Read Wärtsilä's earlier press release about the Central Térmica Parque Pilar power plant: Wärtsilä to supply 100 MW power plant to Argentina


Media contacts:

Remigio Peñarreta
Services Unit Director, ANDES
Wärtsilä Argentina. S.A.
Tel: +593 239 31 560
remigio.penarreta@wartsila.com

Hanna Viita
Director, Marketing
Wärtsilä Services
hanna.viita@wartsila.com
Tel: +358 40 167 1755

Wärtsilä Services in brief
Wärtsilä Services provides high-quality lifecycle services that enhance customers' business. Its broad range of services supports both shipping and power generation companies, whenever and wherever needed. Solutions range from spare parts and basic support to ensuring the maximised lifetime, increased efficiency and guaranteed performance of the customer's equipment or installation - in a safe, reliable, and environmentally sustainable way.
www.wartsila.com/services

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, Finland.
www.wartsila.com





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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 (July 14, 2017 - 3:00 AM EDT)

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