Wärtsilä secures second service agreement renewal with Indian energy company Caparo Power Ltd
Wärtsilä Corporation, Press release, 30 January 2025 at 9:00 EET
Technology group Wärtsilä has renewed its Operation & Maintenance (O&M) Agreement with Indian energy company Caparo Power Ltd (CPL). This marks the second extension of the original agreement, which was signed in 2010 after the commissioning of CPL power plant in Bawal, Haryana, India. The latest renewal was booked in Q4 2024 and will remain valid for five years.
The 36 MW plant operates with four Wärtsilä 34SG engines powered by natural gas. It supplies baseload electricity to nearby industries through its dedicated transmission system.
“Our company focus is on delivering a reliable and sustainable power supply and this is being made achievable with the support of Wärtsilä’s Operation and Maintenance services. Their technical expertise adds considerable value to our operations," says Mr. Raman Chopra, Whole Time Director & CEO at CPL.
In addition to operating the plant, the agreement includes maintenance management, spare parts, operational support, and Wärtsilä’s unique Expert Insight solution. Wärtsilä Expert Insight is a holistic predictive maintenance service that proactively detects potential issues and provides actionable advice and insight to solve them.
“This latest renewal of the agreement is testimony to the trust that exists between our companies. From the onset of the plant’s operations, we have worked closely with CPL to ensure the plant’s availability, reliability and overall efficiency, in line with Wärtsilä’s lifecycle support strategy,” comments James Rajan, Director, Operations, Wärtsilä India & Managing Director, Wärtsilä Sri Lanka.
Caparo Power Ltd is a joint venture between Caparo Engineering India Ltd. (CEIL) and Wärtsilä India Private Ltd. CEIL is a subsidiary of the UK-based Caparo Plc, while Wärtsilä India Private Limited is a subsidiary of Finland-based Wärtsilä Corp. Wärtsilä India owns a 19% shareholding in the joint venture company.
Media contact for more information on this release:
Katri Pehkonen
Communications Manager
Wärtsilä Energy
Mob: +358 50 591 6180
katri.pehkonen@wartsila.com
Image caption: Wärtsilä has renewed its Operation & Maintenance Agreement with Indian energy company Caparo Power Ltd (CPL). © Caparo Power Ltd
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Wärtsilä Energy in brief
Wärtsilä Energy is at the forefront of the transition towards a 100% renewable energy future. We help our customers and the power sector to accelerate their decarbonisation journeys through our market-leading technologies and power system expertise. Our solutions include flexible engine power plants, energy storage and optimisation technology, and services for the whole lifecycle of our installations. Our engines are future-proof and can run on sustainable fuels. Our track record comprises of 79 GW delivered power plant capacity and over 130 energy storage systems in 180 countries around the world. Over 30% of our operating installed base is under service agreements.
www.wartsila.com/energy
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
