Wärtsilä - Company Announcement

Wärtsilä to deliver 331 MW power plant project to Brazil - value EUR 159 million

Wärtsilä Corporation, Company announcement, 28 August 2008 at 1 pm
(EET)

Wärtsilä received in August an order for a power plant project,
representing two plants on the same site, to be delivered to a
Brazilian energy consortium. The order, valued at EUR 159 million,
has been placed by Geradora de Energia do Maranhao, a consortium made
up of Brazilian energy providers Grupo Servtec, Grupo Ligna and FIP
Brasil Energia.

The turnkey contract calls for two power plants, each with 19
Wärtsilä 20V32 engines giving a total output of 331 MW. The power
plants are to be located in Miranda do Norte in the Brazilian state
of Maranhao and they will run on high viscosity heavy fuel oil (HFO).
Construction will begin in early November 2008, and the plants are
scheduled to be fully operational before the end of 2009. Wärtsilä is
currently negotiating a separate operations and maintenance (O&M)
agreement with the customer.

This latest order follows three others, also for Brazil, signed by
Wärtsilä earlier this year. The four orders will, together with other
Wärtsilä power plants already in operation in Brazil, produce a
combined generating capacity of more than 1500 MWe."Our recent orders further strengthen Wärtsilä's share of the energy
supply in Brazil, and have put us in a very favourable position to
further increase our future business volume in the region. The orders
are testimony to the high efficiency of our products, the total power
solution package that we can offer, and the support that we can
provide locally. We enjoy very good relationships with our Brazilian
customers, and this co-operation is a key factor in our success in
the region," says Robson Campos, Regional Director, Wärtsilä Power
Plants in Brazil.

Hydro power accounts for some 90 percent of Brazil's electricity
production. Since Brazil produces its own oil, domestic fuel can be
used to cover the energy gap during these critical energy supply
periods when there is not sufficient water for hydro generation. The
Wärtsilä power plants are expected to be operational for
approximately 2000 hours per year between December and April, when
water reservoirs are low.

For further information, please contact:

Mr Christoph Vitzthum
Group Vice President
Wärtsilä Power Plants
Tel: +358 10 709 5670
christoph.vitzthum@wartsila.com

Mr Atte Palomäki
Group Vice President, Communications
Wärtsilä Corporation
Tel: +358 40 547 6390
atte.palomaki@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