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GlobeNewswire (Europe)
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Wärtsilä Oyj Abp: Wärtsilä supplying equipment to help meet Angola's need for more electricity

Wärtsilä Corporation, Press release, 16 October 2017 at 11.00 a.m. EEST

The technology group Wärtsilä has signed a framework supply contract to supply the generating equipment for three new power plant projects being implemented in Angola. The power plants are being developed by Dongfang Electric International Corporation, a Chinese state-owned enterprise specialising in power generation and energy project developments. The plants are being built on a fast-track basis in order to meet Angola's pressing need for more electrical capacity. The order with Wärtsilä was booked in August 2017.

The three new baseload plants will be located in Luena, Benguela and Saurimo, and will each have an electrical output of approximately 23 MW.  The prime movers consist of four Wärtsilä 32 engines running on light fuel oil (LFO). The electricity generated will be fed to the national grid to help alleviate shortages and boost the country's social and economic development.

The plants are expected to be operational in the third quarter of 2018, and Wärtsilä is scheduled to begin the delivery of the generating sets in the first quarter of 2018. The ability of Wärtsilä to comply with this aggressive delivery schedule was cited as being a key factor in the award of the contract. Wärtsilä will also provide technical assistance during the installation and commissioning of the three plants.

"In today's fast moving world, having the flexibility to adapt to the customer's delivery requirements, no matter how challenging, gives Wärtsilä a strong competitive edge. At the same time, we are honoured to be a partner in these projects since they are important to the future development of Angola," commented Mark Zoeters, Business Development Manager, Africa East, Wärtsilä Energy Solutions.

"We greatly appreciate Wärtsilä's cooperation and support. We have worked with the company earlier and have had good experience, both with the equipment and their reliability to deliver on-time," added Wen Ya, General Manager, M&E Div.II, Dongfang Electric International Corporation.

Wärtsilä and Dongfang Electric Corporation have earlier cooperated in a similar project in the Maldives. With this recently signed contract, Wärtsilä now has an installed base of 7,1 GW in Africa.

Link to image ofWärtsilä 32 engine (https://dam.wartsila.com/dam/file/AUwLiBsR4y48u9RjB7VVsZ/*/Wartsila32.jpg?authcred=d2ViZ3Vlc3Q6d2ViZ3Vlc3Q=&forceDownload=true)

For more information, please contact:

Mark Zoeters
Business Development Manager, Africa East
Wärtsilä Energy Solutions
Tel: +31 620 362 661
mark.zoeters@wartsila.com (mailto:carlo.matthysen@wartsila.com)

Kristian Mäkelä
Director, Sales & Marketing
Wärtsilä Energy Solutions
Tel: +358 40 1483565
kristian.makela@wartsila.com (mailto: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 65 GW of installed power plant capacity in 177 countries around the world.
https://www.smartpowergeneration.com (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 (https://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

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