HPP’s finance and energy team headed by partner Björn Nykvist advised Wärtsilä group on the Finnish aspects of financing the construction of a power plant in Jordan.
IPP3, the 573 MW tri-fuel power plant, is capable of utilizing natural gas, heavy fuel oil and light fuel oil and when completed, will be the largest of its kind in the world. The power plant is constructed by a Wärtsilä headed consortium under a turnkey contract with a contract value of USD 552 million of which Wärtsilä’s share is USD 334 million. The power plant is to be located some 30 kilometers outside Amman, in Al Manakher, and is scheduled for commissioning by September 2014.
In addition to partner Björn Nykvist, Wärtsilä was assisted by partner Antti Säiläkivi, associate Elina Valkonen, senior associate Timo Ukkonen and senior advisor Jouko Kiesi.
Read more about the unique project in Wärtsilä Stories.