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Update: Power Plant Construction Begins, Additional Financing Proceeds

Posted on September 10, 2005

Wärtsilä was chosen in May to supply five gas power plants, with a total output of 450 MW, to Azerbaijan. The construction of the first 80 MW power plant is now under way. The value of the delivery for Wärtsilä for this plant is approximately US$37 million. Negotiations on financing of the remainder of the order are in progress.

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