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Provo Power Company (PPC Ltd.) Makes Big Plans For Country's Development

Provo Power Company (PPC Ltd.) Makes Big Plans For Country's Development 22Jul 2009

Providenciales, Turks & Caicos Islands, (Monday, July 20, 2009) - Earlier this month, PPC Ltd and Wartsila Finland OY, entered into an agreement whereby PPC purchased two 20v32 diesel-generating engines with a total aggregate gross capacity of 17.46 Mega Watts (MW), for delivery from the factory in Finland in April 2010 and January 2011.

Wartsila OY Corporation, headquartered in Finland, is one of the World's largest producers of large diesel generators and auxiliary equipment.  Wartsila has a large presence in the Caribbean where a number of utility companies utilize Wartsila generators and auxiliary equipment, which are known worldwide for their reliability and efficiency.

The estimated cost of PPC's 2010/2011 Generation Expansion Project, including the two Wartsila generators, is approximately $20million. The new family of engines will be housed in state-of-art-buildings with levels of wind resistance, exhaust and sound attenuating technologies that are amongst the best in the world.  The new engines, which are more than twice the size of PPC's current largest engines, will be commissioned in time to meet forecast demand growth over the next two-to-three years, and will bring PPC's installed capacity to 71 Megawatts.

According to President & CEO, Eddinton Powell, the introduction of the Wartsila 20v32 engines will have a significant positive impact on the Company's operations by reducing the per KWh cost of generation maintenance, increasing fuel efficiency, and improving plant availability through integrated control and monitoring systems.  Mr. Powell added "We take our responsibility to serve the people of Providenciales, North, Middle and South Caicos seriously by ensuring that our customers have a world-class electricity infrastructure. The economic value of a reliable, affordable, and safe supply of electricity for any country, but particularly for economically emerging countries like the Turk & Caicos, is extremely important."

Standing (LtoR): Jerry Kaehne (PPC's Project Consultant), Ernie Jackson (PPC's Vice President of Engineering and Production) Marc Tarbox (Wartsila's Manager of Service, Caribbean) and Aron Rader (Wartsila's Product Development Manager).

Seated (LtoR): Rodney George (Vice President Wartsila Caribbean Inc.) and Eddinton Powell (PPC's President & CEO).

Photo of Wartsila 20v32 Engine