Wärtsilä signs agreement with Paras Energy on gas plant maintenance
Energy firm, Wärtsilä has signed a long-term optimised maintenance agreement covering power plants in three locations owned by Paras Energy, a 100 percent privately-owned Nigerian energy provider.
The aim of the agreement is to ensure the plants’ continued high levels of availability, reliability and efficiency, while providing important cost predictability for future budgeting purposes. The agreement was booked by Wärtsilä in the second quarter of 2021, the company said.
The plants covered by the five-year agreement are operated with Wärtsilä 34SG gas-fuelled engines producing a combined total output of approximately 132 MW. Based on an average connected capacity of some 6,5 kW for each Nigerian home, this will represent the annual consumption equivalent of close to 20,300 domestic households.
“We have worked successfully with Wärtsilä for twelve years, during which time we have developed a strong spirit of mutual respect and trust. Until now we have managed and maintained these plants ourselves, but as we grow and expand our operations we are convinced that Wärtsilä’s professional approach will provide the support needed as we develop our core business,” said Yashwant Kumar, managing director, Paras Energy & Natural Resources Ltd.
Björn Ullbro, Vice President, Africa & Europe, Wärtsilä Energy, said: “It is another example of marrying our world-class expertise and experience with state-of-the art digital technology to create unparalleled customer value. We are excited and honoured to take this step with an energy thought leader like Paras Energy.”
Paras Energy is a privately-owned independent energy supplier connected to Nigeria’s national grid. Availability of the generating assets is, therefore, a key necessity and was a notable factor in the decision to sign the Optimised Maintenance agreement with Wärtsilä. The agreement has been specifically tailored to meet the needs and growth ambitions of the customer.
In 2009 Paras Energy decided to use Wärtsilä gas engines rather than using gas turbine technology, which was at the time standard in Nigeria, saying it was in line with the Nigerian Federal Government’s integrated energy mix targets.
The Nigerian Sustainable Energy for All (SE4ALL) action agenda in the 30:30:30 vision document outlined a target of generating 30 GW of power by 2030, with 30 percent from renewable energy sources.
According to the company, the key benefits of the their technology include flexibility and the ability to quickly adjust the load in response to supply fluctuations from renewable energy sources.
Wärtsilä has had operations in Nigeria since 2006 with total installed capacity in the country at 667 MW, of which about 70 percent is under service agreements. In the African continent, Wärtsilä has an installed footprint exceeding 7000 MW.