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2016-01-12

Wärtsilä Oyj Abp: 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
tomas.ronn@wartsila.com

Tel: +1 954 401 9370

Andre Bosman
Service Unit Director, Central America and Caribbean
Wärtsilä Services
andre.bosman@wartsila.com

Tel: +1 809 988 8000

Hanna Viita
Director, Marketing
Wärtsilä Corporation
hanna.viita@wartsila.com

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.
www.wartsila.com

Wärtsilä Newsroom

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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

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