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Wärtsilä Oyj Abp: Wärtsilä supplies a 57 MW power plant to Sierra Leone

Wärtsilä Corporation, Press release, 10 November 2016 at 9:30 am EET

Wärtsilä has been appointed the EPC contractor for a 57 MW Smart Power
Generation plant to be supplied to CECA SL Generation Ltd., a Sierra Leone
company co-owned by CEC Africa Investments and TCQ Power. The turn-key order
includes six Wärtsilä 32 engines running on heavy fuel oil. The plant is
expected to be operational within 18 months from the ground-breaking.

The project will have a significant impact on the development of Sierra
Leone's energy infrastructure. Upon completion of this project, the
availability of energy in Sierra Leone will increase by 40%. Wärtsilä's scope
of supply includes the engineering, procurement and construction (EPC) of the
power plant, plus 1.3 km of fuel pipeline from a jetty to the site, and 8 km
of overhead power lines. The order was included in Wärtsilä's order book in
Q3 2016.

Electricity access in Sierra Leone is amongst the lowest in the world with
less than 15 percent of the population having access to the grid. The
existing installed system capacity serving the capital Freetown totals about
84 MW, predominantly from hydro sources. During the dry season, when the
available hydropower drops to extremely low levels, the reduced availability
and subsequently high cost of electricity impose lost economic opportunities
for the local population and businesses. The new 57 MW power plant is
responding to a critical need for baseload generation capacity.

"We wanted a best quality product and firm. Wärtsilä is an experienced EPC
contractor in Africa, and their engines are easy to operate and inexpensive
to maintain," says Karim Nasser, CEO at TCQ Power. According to Karim
Nasser, the new power station will provide reliable and efficient 24hr
electricity to the locals which eventually will facilitate the country's
economic growth. "We hope this project will mark the beginning of a new era
in the country," continues Mr. Nasser.

Wärtsilä has a strong footprint in Africa with over 6500 MW of installed base.
Globally, Wärtsilä's installed base is 60 GW in 176 countries.

Link to image

Caption: The 57 MW Wärtsilä Power Plant in Freetown, Sierra Leone

For more information please contact:

Jean-Christophe Reymond
Business Development Manager
Wärtsilä Energy Solutions
Tel: +33 6 89841163

Jukka-Pekka Niemi
General Manager, Marketing
Wärtsilä Energy Solutions
Tel: +358 50 465 2805

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.

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.

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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