CONAKRY (Reuters) – Guinea will review mining contracts and cut the size of the armed forces during 2012, President Alpha Conde said in a speech outlining his priorities for his second year in office.
The moves are aimed at boosting the West African state’s economy and cementing its fragile stability, but if done poorly could backfire by angering international investors as well as the country’s unruly soldiers.
Guinea is the world’s largest supplier of the aluminum ore bauxite and has vast deposits of iron ore that have drawn billions of dollars in planned investment, but it is struggling to emerge from decades of political turmoil…Read more.
Wärtsilä Corporation, Trade & Technical press release, 27 September 2011
Wärtsilä, a leading supplier of flexible power plants and services to the global power generation market, has been awarded the contracts to expand two existing power plants, delivered by Wärtsilä, in Senegal. These contracts, valued at nearly EUR 60 million, were signed with Senelec, the country’s public utility company.
Wärtsilä will supply turnkey extension solutions to two existing power plants. The Bel Air power plant was built in 2005 and the Kahone plant in 2006. Both facilities are powered by 18 cylinder Wärtsilä 46 engines, and are maintained and operated by Wärtsilä under a 15 year agreement signed in 2006. The extension projects will provide two additional 18 cylinder Wärtsilä 46 engines to each site, which will increase output with 34MW to reach a total of 102MW on each site.
“The main focus in all our discussions with the Senegalese authorities was the urgency of the situation. There was enormous pressure to come up with a solution that could quickly and efficiently alleviate the challenges relating to the nation’s rapidly increasing need for power. Senelec is already very familiar with the advantages of Wärtsilä’s proven technology and Smart Power Generation benefits. The reason for Wärtsilä being awarded this contract was our ability to engineer, deliver and construct these extensions to two power plants in just 12 months,” says Tony van Velzen, Regional Director, Africa, Wärtsilä Power Plants.
Wärtsilä has a leading position in supplying flexible power plants to West Africa. In Senegal alone, Wärtsilä has already supplied 14 power plants with a combined electrical output of more than 220MW.
Wärtsilä West Africa is headquartered in Dakar and also has facilities in Conakry, Guinea and Lomé, Togo. Altogether 125 persons are employed to serve customers throughout the region. Approximately half of these are dedicated to supplying Operations and Maintenance services that ensure the contracted power plants are run with maximum efficiency.
Smart Power Generation
Wärtsilä has pioneered a Smart Power Generation approach to meeting the future needs of the global energy market. In order to provide a reliable and secure delivery of electricity and to balance supply with demand, flexibility in fuel choice and operational requirements is essential. Wärtsilä is a market leader in providing flexible, efficient, and dynamic power generating capacity.
As at the end of 2010, Wärtsilä had delivered 4500 power plants to 168 countries, providing a total of over 47 GW of energy capacity.
Wärtsilä in brief:
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2010, Wärtsilä’s net sales totalled EUR 4.6 billion with more than 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
This announcement is distributed by Thomson Reuterson behalf of Thomson Reuters clients.The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
In return for digging rights to a plot outside the capital,China Power Investment would finance the construction of a coal power plant, a deep water port, and a refinery long sought after by the nation’s rulers.
West Africa‘s newest democracy sits on top of half the world’s reserves of bauxite, the principle ore used in aluminum. From independence until last year, Guineawas brutally ruled by a sequence of dictatorships. Now the former French colony is looking to make up five lost decades through quick swaps of mining rights for infrastructure…Read more.