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2016-08-30

Wärtsilä Oyj Abp: Wärtsilä to supply 100 MW power plant to Argentina

Wärtsilä Corporation, Press release, 30 August 2016 at 10 am EET

Wärtsilä will supply a 100 MW dual-fuel plant to Albares Renovables in
Argentina. The turn-key order includes six Wärtsilä 50DF dual-fuel engines
running on gas and heavy fuel oil. The order is one of five contracts that
Wärtsilä was recently awarded in Argentina. These orders were announced in a
stock exchange release in July.

Wärtsilä's scope of supply for the project with Albares Renovables has, after
negotiations, been extended from equipment delivery only to a full turn-key
project. The value of the order is now estimated to be EUR 72 million. The
plant is expected to be delivered in early 2017 and operational in August the
same year.

Natural gas is not available for the power market in Argentina all year round.
Therefore, Wärtsilä's high efficiency dual-fuel technology was chosen to
enable the power plant to run on heavy fuel oil for part of the year. When
installed, the Central Termica Pilar Power Plant will also recover all the
heat that is produced from the plant and make it available to nearby
companies, thereby improving their competitiveness.

"We selected the Wärtsilä technology at an early stage of the process because
of their dual-fuel experience and Wärtsilä's good reputation," says Enrique
Madrid, Technical Director at Albares Renovables.

He adds that it is a privilege to work together with Wärtsilä as they can
provide world-class technology and an experienced team.

"We are very pleased to cooperate with Albares Renovables on this project and
contribute to strengthening the national grid in Argentina," says Kent
Westergård, Sales Director at Wärtsilä in America.

For more information, please contact

Kent Westergård
Sales Director, Americas
Wärtsilä Energy Solutions
Tel: +5521987447471
Kent.westergard@wartsila.com

Jukka-Pekka Niemi
General Manager, Marketing
Wärtsilä Energy Solutions
Tel: +358 50 465 2805
jukka-pekka.niemi@wartsila.com

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

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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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