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2016-10-18

Wärtsilä Oyj Abp: Wärtsilä to supply 28 MW power plant to Brazil

Wärtsilä Corporation, Press release, 18 October 2016 at 10.30 am EET

Wärtsilä signed a contract with Imetame Energia in May 2016 to supply a 28 MW
natural gas power plant to UTE Prosperidade I in Brazil. The power plant will
be equipped with Wärtsilä 34SG engines operating on the "Gas to
Wire"-concept. This means that natural gas is converted to electric power
close to the remote gas fields, and transmitted to urban areas via
transmission lines. Wärtsilä's scope of supply is basic equipment supply and
engineering. The value of the order is approximately EUR 10 million.

Imetame Energia is a small independent Oil and Gas company that did gas field
discovery in Bahia, Brazil in 2011. It is challenging to monetize gas in
Brazil as the pipeline network is not yet very developed and the state
controls the sale of gas concessions. Imetame Energia did not find any way to
capitalize on the gas findings and considered to close the field, but were
then approached by Wärtsilä.

Wärtsilä suggested thermal generation as a way to monetize the gas and add
value to the project through the sale of electricity. Wärtsilä's gas-fired
engines are also well positioned for operating with high performance and low
cost.

"A power plant based on Wärtsilä's technology showed to be the best solution
to turn the gas into money. Wärtsilä was crucial in providing technical
support to project design and also elucidating Imetame in understanding this
new business of power generation," says Roberto Baptista, Director of Imetame
Energia.

According to Business Development Manager, Gabriel Cavados, Wärtsilä's
expertise in implementing natural gas power generation projects was essential
to winning the contract. "As the client's core business is in the oil
segment, our knowledge of the natural gas market and the Brazilian power
sector auction rules were key factors in closing the deal," he says.

UTE Prosperidade I is the first of three planned power plants in the rural
area of Bahia. The baseload power plant will supply energy to Brazil's
national grid which will increase the availability of gas in the power
system. The power plant will also benefit the community of Bahia and in
developing the power generation in Brazil.

For more information, please contact

Gabriel Cavados
Business Development Manager
Wärtsilä Energy Solutions
Tel: +55 21 994716057
Gabriel.cavados@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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