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Wärtsilä renews Asset Management Agreement with Cemex Colombia

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World Cement,

Wärtsilä has renewed its Asset Management Agreement with Cemex Colombia. The agreement, which is a continuation of an earlier Asset Management Agreement signed in 1998, was signed during the summer of 2014 and is valid for five years.

As part of the new agreement, Wärtsilä will continue to operate and maintain the power plant at Cemex Colombia's cement manufacturing facility. The agreement includes day-to-day operation of the power plant and the natural gas station (city gate), preventive and predictive maintenance services, management of parts logistics and technical support services. This agreement is a long-term operational partnership with a common goal to ensure maximised lifetime, guaranteed performance and predictable life cycle costs for the power plant.

"We have worked with Wärtsilä for 15 years already. During these years, Wärtsilä has showed excellent performance in ensuring the reliability and availability of our cement factory in Ibagué. Wärtsilä has also introduced innovative upgrades, which will further improve the performance and reliability of our power plant. We are happy to continue our long-term partnership with them," said Jairo Guerrero, Energy Director at Cemex Colombia.

"Cemex Colombia is one of the major cement companies and leading suppliers of building materials in Colombia. By transferring the operative responsibility of the power plant to Wärtsilä, the agreement continues to provide Cemex Colombia with the highest possible level of risk management. It also offers them full peace of mind and the possibility to focus on their core business," added Edison Romero, General Manager, Contract Management at Wärtsilä Services.

Cemex Colombia's plant is powered by five Wärtsilä 34SG engines, with a total capacity of 25 MW. The plant is located near Ibagué, a municipality in Tolima, Colombia.

Adapted from press release by Rosalie Starling

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