May 17, 2016 - 6:41 PM EDT
Print Email Article Font Down Font Up
Wärtsilä supplies 60 MW of reliable power to Bangladesh


Wärtsilä Corporation, Press release, 18 May 2016 at 09:30 EET

Wärtsilä will supply two Smart Power Generation plants to Bangladesh, each
producing 30 MW of power. Both orders include three Wärtsilä 34SG engines
running on natural gas. The equipment will be delivered in late 2016, and the
plants are scheduled to be fully operational in early 2017.

"With the equipment from Wärtsilä, we can have higher availability and
reliability of our power plants, and we can ensure an uninterrupted power supply
for our industry," says Luthfur Rahman, General Manager of Power Plants at
Meghna Group.

Meghna Group of Industries (MGI) is one of the leading business conglomerates in
Bangladesh. It produces daily necessities and food products for Bangladeshi
consumers in the Meghnaghat Industrial Park, on the outskirts of Dhaka.

According to Luthfur Rahman, the high availability of the Wärtsilä plants will
help to keep the production running, even when the power plants are undergoing
maintenance. The multi-unit configuration allows sequential maintenance of one
unit at a time. Less production downtime will enable MGI to serve its end
customers better by providing them more products at cheaper prices. Surplus
power from these power plants will be fed to the national grid, thus benefitting
the local population in the surrounding rural area.

MGI is a repeat customer for Wärtsilä. With these two projects, the company's
installed Wärtsilä capacity will be some 140 MW. The six new engines will
replace obsolete generation capacity. MGI wanted to unify its power production
under the umbrella of a single proven technology and supplier.

"We have a good relationship with Meghna Group of Industries and they have been
satisfied with our equipment and the local service and support," says Raquef
Reaz, Business Development Manager at Wärtsilä.

Wärtsilä has taken a significant stake in the power sector of Bangladesh by
installing almost 2000 MW of capacity in the country during the last five years.
The total Wärtsilä installed capacity in Bangladesh is approximately 2500 MW,
which represents some 20 percent of the country's total. Globally, Wärtsilä's
installed base is 60 GW in 176 countries.

Link to image
Caption: Descriptive image of 3 x Wärtsilä 34SG generating set

Learn more about Wärtsilä's success in Bangladesh



Raquef Reaz
Business Development Manager
Wärtsilä Energy Solutions
Tel: (+88) 0171 3443 228
[email protected]



Jussi Laitinen
Communications Manager
Wärtsilä Energy Solutions
Tel: +358 50 4042006
[email protected]



Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global supplier of ultra-flexible power
plants of up to 600 MW operating on various gaseous and liquid fuels. Our
portfolio includes unique solutions for baseload, peaking, reserve and load-
following power generation, as well as for balancing intermittent renewable
energy. Wärtsilä Energy Solutions also provides utility-scale solar PV power
plants, as well as LNG terminals and distribution systems. As of 2016, Wärtsilä
has 60 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 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800
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






This announcement is distributed by GlobeNewswire on behalf of 
GlobeNewswire clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Wärtsilä Oyj Abp via GlobeNewswire
[HUG#2013251]

 
  

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Source: Equities.com News (May 17, 2016 - 6:41 PM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice