Wärtsilä and Summit sign Bangladesh’s biggest ever service agreement to maintain Summit’s 464 MW power plants
Wärtsilä Corporation, Press release, 17 June 2019 at 9.00 am EEST
The technology group Wärtsilä has signed two major Maintenance management and operational advisory agreements with Summit Group, the largest independent power producer (IPP) in Bangladesh and longstanding partner. The seven-year agreements represent the biggest ever signed service deals, in terms of MW generation, in the Bangladesh energy sector. The orders were booked by Wärtsilä in Q2, 2019.
The lifecycle solution agreements cover two power plants located in Gazipur, Dhaka owned by Summit Gazipur II Power Ltd, and Ace Alliance Power Ltd (Gazipur I), a subsidiary of Summit Power Limited, a publicly listed company in Bangladesh. The combined electrical output capacity of the plants is 464 MW. The agreements are designed to meet the customers’ needs for ensuring maximum availability of the installations, optimising operating costs, and delivering reliable supplies to the Bangladesh’s national grid.
“Summit and Wärtsilä share a long standing partnership since early days of private power generation in Bangladesh. Our plant in Gazipur was recently awarded as the fastest implemented power plant and we are happy to award its maintenance service contracts to Wärtsilä enabling cost optimisation and reliable generation,” commented Faisal Khan, Director of Summit Group.
In addition to seven years of scheduled maintenance, the agreements include yearly maintenance management coordination and Asset Diagnostics. Asset Diagnostics keeps the thermal and mechanical load at an optimum level for operation conditions, and enables savings in fuel consumption, while simultaneously providing a more environmentally sound operation.
“Over the past 30 years we have accumulated significant experience and deep know-how in operation and maintenance services. Globally, Wärtsilä has more than 22 GW of generating capacity from in excess of 500 marine and energy sector installations covered by lifecycle solution agreements. In Bangladesh, Wärtsilä has already five maintenance agreement with Summit Group, which speaks for itself about good cooperation and customer satisfaction. Performance of the plants with lifecycle solution agreements can be monitored remotely from our Digital Expertise Centres and we can advice our customers on dynamic maintenance schedules,” said Henri van Boxtel, Director, Energy Services Middle East & Asia at Wärtsilä.
Wärtsilä currently has in excess of 4,850 MW of installed or on order power generating capacity in Bangladesh. Of these 1,100 are operated and maintained under contract by Wärtsilä.
Summit Group is the largest infrastructure conglomerate in Bangladesh as well as the largest independent power producer (IPP). Summit Gazipur II Power and Ace Alliance Power Ltd (Gazipur I) are located in Kodda, Gazipur about 30 km away from the capital, Dhaka. At the “Power & Energy Week 2018” Summit was awarded the prestigious “Best Private Power Generation Company” in recognition of the fastest implemented power plant in Bangladesh by the honorable Prime Minister Sheikh Hasina. The plant was also awarded the “Fast-Track Power Plant of the Year” recognition as one of the leading fast-track power plants in the world at the annual event of Asian Power Awards, also known as the “Oscar of the Power Industry”.
Caption text: Eng Mozammel Hossain, Managing Director of Summit Gazipur II Power and Summit Ace Alliance Power (right) and Jillur Rahim, Managing Director of Wärtsilä Bangladesh (left) signed Bangladesh’s biggest ever Maintenance agreements at Summit Centre, Dhaka. Image courtesy of Summit Group.
Read more about Wärtsilä Lifecycle solutions for the energy industry.
For further information, please contact:
Mostafa Zahed Hossain
General Manager, Service Sales
Wärtsilä Energy Business
Mob. +880 17 140 86600
Manager, Marketing & Communications
Wärtsilä Energy Business
Mob: +358 40 079 3827
Wärtsilä Energy Business in brief
Wärtsilä Energy Business is leading the transition towards a 100% renewable energy future. As an energy system integrator, we understand, design, build and serve optimal power systems for future generations. Wärtsilä’s solutions provide the needed flexibility to integrate renewables and secure power system reliability. Our offering comprises engine-based flexible power plants – including liquid gas systems – hybrid solar power plants, energy management systems and storage and integration solutions. We support our customers over the lifecycle of their installations with services that enable increased efficiency and guaranteed performance. Wärtsilä has 70 GW of installed power plant capacity in 177 countries around the world.
Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2018, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded.