Wartsila unit signs power agreement with Jordan's state utility

According to the 25-year agreement, NEPCO will buy electricity from Amman Asia Electric Power to be fed to the national grid of Jordan

Amman, Jordan, September 25, 2012 — Amman Asia Electric Power Co., a special purpose company owned by Korea Electric Power Corp., Mitsubishi Corp. and Wartsila Corp., signed a power purchase agreement with National Electric Power Co. of Jordan (NEPCO).

According to the 25-year agreement, NEPCO will buy electricity from Amman Asia Electric Power to be fed to the national grid of Jordan.

Amman Asia Electric Power intends to shortly sign an engineering, procurement and construction contract with a separate consortium, consisting of two companies, Wartsila and Lotte Engineering and Construction of South Korea. The Wartsila led EPC consortium is expected to build an about 600 MW independent power producer plant in Jordan. A separate announcement will be made once the EPC contract is signed.

This follows Wartsila's recent announcement that a consortium consisting of Korea Electric Power Corp., Mitsubishi Corp. and Wartsila Corp., was selected by National Electric Power Co. of Jordan (NEPCO) to build IPP3, an independent power producer project in Jordan.

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