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 condition-based maintenance (CBM) services. CBM 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”.