Wartsila India in talks to set up LNG Terminal

Wartsila India, a 100 per cent subsidiary of Wartsila, Finland, which is a key player in the engineering, procurement and construction, marine and services sector, was in "advanced stage of discussions" for setting up its first LNG terminal in the country, a top official said today.
Wartsila India president and managing director, Kimmo Kohtamaki told reporters here, "currently we are in discussions and they are at an advanced stage. We would like to finalise (the talks) this year (to set up the LNG terminal)."
On the future plans of the company, which entered the domestic market several years ago and is engaged in three verticals, Wartsila India chairman Kari Hietanen said the company was witnessing a "steady growth" in the services sector while it was a "little bit slower" in the energy sector.

"We will focus on the three legs we have here -- services, marine and renewables," he said, declining to elaborate.
On the Remote Monitoring Centre located in the city, he said the facility which employed about 60 personnel, provided real-time support to customers located in Bangladesh, Australia and Thailand.
The centre would receive advice and technical support from Wartsila Condition Based Maintenance centre in Finland, he added.