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Wärtsilä Oyj Abp: Wärtsilä to supply two 57 MW power plants to Indonesia

Wärtsilä Corporation, Press release, 22 December 2016 at 3.00 pm EET

A consortium between Wärtsilä and an Indonesian construction company, PT PP
(Persero) Tbk, has signed a contract to supply two 57 MW modular power
plants, totalling 114 MW to PT PLN, the Indonesian state utility. The
consortium will be responsible for the complete Engineering,
Procurement&Construction (EPC) project, and will also operate and maintain
the power plants for a 5-year period.

The power from the two plants, placed in the cities Jayapura and Kendari, will
be generated by 12 Wärtsilä 34DF engines (six per power plant) capable of
operating on multiple fuels, including liquid fuels and natural gas. The
equipment will be delivered during the first quarter of 2017 and the plants
are scheduled to be operational during the first half of 2017, making this is
a fast-track delivery. The order is booked in the fourth quarter of 2016.

The power plants will run on heavy-fuel oil for the first year but, thanks to
the multi-fuel capability of the Wärtsilä engines and the availability of a
gas supply, the plants will then switch to natural gas fuel. The plants will
be based on Wärtsilä's Gas Cube technology. Gas Cube is a ready-to-use
pre-engineered modular power plant package designed to achieve fast delivery
with minimal site work. In addition to the short installation time needed,
they can also be easily dismantled and re-installed individually somewhere
else if necessary. The power plants are part of a public tender from PT PLN
and the plants will provide flexible baseload power to the Indonesian grid.

"These power plants will increase the electrification ratio of eastern
Indonesia, and will add reliability to the existing system. Our Gas Cube
concept enables us to deliver the power plants quickly, and have them
operational with a minimum of delay," says Frederic Carron, Regional Director
at Wärtsilä.

Wärtsilä and PT PLN have a long and healthy business relationship. The two
parties recently signed a MoU to build additional power generation in
Indonesia. Wärtsilä's installed capacity in Indonesia will exceed 3.2 GW
during 2017.

For more information, please contact

Frederic Carron
Regional Director, South East Asia&Australia
Wärtsilä Energy Solutions
Tel: + 65 62 674 685

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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