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
Business Development Manager
Wärtsilä Energy Solutions
Tel: +55 21 994716057
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.
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