Wärtsilä Oyj Abp: Wärtsilä signs long-term service agreement with American utility in Oregon Wärtsilä Corporation, Press release, 25 September 2013 at 3 pm EET Wärtsilä, a leading global supplier of flexible and efficient power plant solutions and services, has signed a long-term service agreement with Portland General Electric Company (PGE) in the state of Oregon, USA to maintain the Port Westward Unit 2 power plant engines. The ten year agreement is customized to align with PGE's requirements to provide high availability and reliability of prime mover performance, long-term planning, performance guarantees and a pre-defined scope of maintenance services. The service agreement also includes planning and management of scheduled outages, continuous monitoring and feedback of plant data, and the flexibility to adjust maintenance based on operating conditions. "We are very pleased PGE has entered into a Wärtsilä maintenance agreement which provides technical support, parts and safety spares inventory, as well as risk sharing support in managing its Port Westward Unit 2 operations," comments Aron Rader, Area General Manager, Agreement Support, Wärtsilä. The Port Westward Unit 2 plant is being built for Portland General Electric, an investor-owned utility. It will be powered by 12 Wärtsilä 50SG natural gas fuelled engines with an electrical output of approximately 220 MW, and is scheduled to be fully operational in 2015. The Port Westward Unit 2 project will be one of the first power plants in the USA using Wärtsilä 50SG engines. Portland General Electric serves approximately 830,000 retail customers with a mix of residential, commercial, and industrial activities. Wärtsilä Services Wärtsilä provides support for its customers throughout the lifecycle of their installations by optimizing efficiency and performance regardless of the equipment make. The company's service solutions range from basic support, installation and commissioning, performance optimization, upgrades, conversions and environmental solutions, to service projects and agreements focusing on overall equipment performance and asset management. Wärtsilä delivers its services through a network of service stations, workshops and ship repair centres in 70 countries worldwide. Wärtsilä press release 4 February 2013: Wärtsilä to supply large gas fuelled power plant to American utility in state of Oregon For further information, please contact: Mr Aron Rader Area General Manager, Agreement Services (Power Plants) Wärtsilä Corporation Tel. +1 954 3274700 email@example.com Ms Tuula Franck Senior Manager, Media and Stakeholder Relations Wärtsilä Corporation Tel. +358 400 267555 firstname.lastname@example.org Wärtsilä in brief Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2012, Wärtsilä's net sales totalled EUR 4.7 billion with approximately 18,900 employees. The company has operations in nearly 170 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wärtsilä Oyj Abp via Thomson Reuters ONE HUG#1731304
Wärtsilä Oyj Abp: Wärtsilä signs long-term service agreement with American utility in Oregon
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