Wärtsilä - Company Announcement

Wärtsilä to deliver 200 MWe million power plant to Pakistan - value EUR 131 million

Wärtsilä Corporation, Company announcement, 29 September 2008, at
2.30 pm (EET)

Wärtsilä received in September an order for a power plant, worth EUR
131 million, from Pakistan. The power plant will be delivered as a
turnkey project to Nishat Chunian Power Ltd, which is an independent
power producer that will supply electricity to the national grid in
Pakistan. The plant will have a total electrical power output of 200
MWe.

This latest order follows another power plant order from Nishat Power
Ltd, signed by Wärtsilä earlier this year. These two orders will,
together with other Wärtsilä power plants already under construction
or in operation in Pakistan, produce a combined generating capacity
of more than 1500 MWe.

The Nishat Chunian power plant, which will run on heavy fuel oil
(HFO), is scheduled to be fully operational in March 2010. It will be
located next to the Nishat Power plant on the same site in Jambar
Kalan, Kasur District, near Lahore."Wärtsilä and the Nishat Group have worked together as one team. Our
first project, developed by Nishat Power Ltd., is under construction,
and we were pleased to award our second project, developed by Nishat
Chunian Ltd., also to Wärtsilä. We are very happy with the level of
support that we have received from Wärtsilä." says Mr Mian Mohammad
Mansha, Chairman of the Nishat Group.

The Nishat Chunian plant will comprise eleven Wärtsilä 18V46 diesel
generating sets with exhaust recovery boilers. The power plant will
have a high overall efficiency of 45 percent for its lifetime. The
high overall efficiency will enable the generating costs to be
competitive. Wärtsilä is a leading provider of power plants for
distributed and flexible power generation.

Wärtsilä will supply the plant equipment, then erect, test and
commission the plant and provide local construction supervision. An
operations & maintenance (O&M) agreement to operate and maintain the
power plant is also under negotiation."We have enjoyed a long standing relationship with the Nishat Group.
With the new orders from both Nishat Power and Nishat Chunian, the
Nishat Group will be our largest customer in Pakistan, with over 490
MW of installed capacity by 2010. This order endorses not only the
reputation of the Wärtsilä, but also the support service capability
that we are able to provide from our regional office in Lahore," says
Nomi Ahmad, Regional Director, Middle East, Wärtsilä Power Plants.

Both Nishat Chunian Power Ltd. and Nishat Power Ltd.are independent
power producers and members of the Nishat Group. The two companies
have signed Power Purchase Agreements with the National Transmission& Despatch Company. The Nishat Group is one of the leading business
groups in Pakistan with interests in the textile, cement, insurance
and banking sectors.

For further information, please contact:

Mr Christoph Vitzthum
Group Vice President
Wärtsilä Power Plants
Tel: +358 107095670
christoph.vitzthum@wartsila.com

Mr Atte Palomäki
Group Vice President, Communications
Wärtsilä Corporation
Tel: +358 405476390
atte.palomaki@wartsila.com

For investor information, please contact:

Ms Josephine Mickwitz
Director, Investor Relations
Tel: +358-400784889
josephine.mickwitz@wartsila.com

Wärtsilä in brief
Wärtsilä enhances the business of its customers by providing them
with complete lifecycle power solutions. When creating better and
environmentally compatible technologies, Wärtsilä focuses on the
marine and energy markets with products and solutions as well as
services. Through innovative products and services, Wärtsilä sets out
to be the most valued business partner of all its customers. This is
achieved by the dedication of more than 17,000 professionals manning
160 Wärtsilä locations in 70 countries around the world. Wärtsilä is
listed on The Nordic Exchange in Helsinki, Finland.
www.wartsila.com