Wartsila Corp wins 134-mn euro power plant deal

Islamabad: Wartsila Corporation has been awarded a turnkey contract worth Euro 134 million by Nishat Power Ltd, an independent power producer that will supply electricity to the national grid in Pakistan. The power plant will have a total gross electrical power output of 200 MWe, CNBC reported.

The power plant, which will run on heavy fuel oil, is due to be operational by September 2009, and will be located near Lahore. The plant will comprise eleven Wartsila 46 diesel generating sets. It would supply the plant equipment, then erect, test and commission the plant and provide local construction supervision.

A contract to operate and maintain the power plant is also under negotiation. 'Our satisfactory experience with Wartsila products and services encouraged us to set up this project with them. Their power plants are fuel efficient, reliable and thereafter, sales support very responsive,' said Mian Mansha, Chairman of the Nishat Group.

This power plant to Nishat Group will further strengthen Wartsila's position as the market leader in the supply of private power plants in Pakistan. A total of 1000 MWe of Wartsila power plants are already in service in Pakistan. The Nishat Group is one of the leading business groups in Pakistan with interests in the textile, cement, insurance and banking sectors.