(PRESS RELEASE) HELSINKI, 18-Jun-2019 — /EuropaWire/ — Longstanding partner and Bangladesh’s largest independent power producer (IPP) Summit Group has signed 2 (two) seven-year Maintenance management and operational advisory agreements with Wärtsilä. The current major agreements are indeed the biggest ever signed service contracts in the Bangladesh energy sector in terms of MW generation. For Wärtsilä the deals have been booked in the second quarter of 2019.
Two power plants are in the area of Gazipur, Dhaka (Kodda, Gazipur some 30 km away from the capital, Dhaka), owned by Summit Gazipur II Power Ltd and Ace Alliance Power Ltd (Gazipur I), which is a subsidiary of Summit Power Limited, a publicly listed company in Bangladesh are covered by the lifecycle solution agreement signed by the two companies. The plants’ combined electrical output capacity is 464 MW. Ensuring maximum availability of the installations, optimising operating costs, and delivering reliable supplies to the Bangladesh’s national grid are all part of the agreements signed.
Commenting on the service agreements, Faisal Khan, Director of Summit Group, said:
“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.”
Also, the agreements include yearly maintenance management coordination and condition-based maintenance (CBM) services, in addition to the seven years of scheduled maintenance. The thermal and mechanical load is kept by the condition-based maintenance (CBM) at an optimum level for operation conditions, and enables as well savings in fuel consumption, while, at the same time, providing a more environmentally sound operation.
Commenting on the deal, Henri van Boxtel, Director, Energy Services Middle East & Asia at Wärtsilä, said:
“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.”
Wärtsilä’s business in Bangladesh
In Bangladesh, Wärtsilä has well over 4,850 MW of installed or on order power generating capacity while some 1,100 MW are operated and maintained under contracts by Wärtsilä.
Summit Group in brief
The group is Bangladesh’s largest infrastructure conglomerate and the largest independent power producer (IPP). The company is widely recognized in the power industry. At the “Power & Energy Week 2018” Summit Group has been awarded the “Best Private Power Generation Company” in recognition of the fastest implemented power plant in Bangladesh by the honorable Prime Minister Sheikh Hasina. The plant has also been 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, which is also known as the “Oscar of the Power Industry”.
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