Wartsila to supply power equipment to United - Share market analysis of dhaka stock exchange, Bangladesh

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05 June, 2016 10:50 AM Source: The Daily Star Bangladesh

Wartsila will supply equipment to a 310-megawatt power plant of United Group of Bangladesh, the Finland-based company said.

The company will supply 17 engines, which will run on heavy fuel oil, and provide spare parts for five years among other services, according to a contract.

The equipment is scheduled to be delivered in early 2017 and the plant will be operational in March 2018.

“Engine-based power plants are the best technical solution for Bangladesh because of fluctuating demand,” said Moinuddin Hasan Rashid, managing director at United Anwara Power Ltd.

The combined cycle plant will be connected to the national grid in Anwara and will supply power to local industries and population centres, according to a statement.

“We are happy to further strengthen our good relationship with United,” said Goran Richardsson, regional director at Wartsila.

“The power plant will increase our installed capacity with United to about 850MW in Bangladesh.”

With the project, Wartsila will provide roughly a fifth of the grid capacity in Bangladesh with an installed base capacity of 2,800MW.

Last month, the company said it would supply equipment to two power plants owned by Meghna Group of Industries, each for producing 30MW of electricity. The equipment will be delivered in late 2016, and the plants are scheduled to be fully operational in early 2017.

Wartsila is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. Its installed base is 60GW in 176 countries. 

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