UPDATE 1-Wartsila wins $250 mln Brazil deal; shares rise

* Wins 200 mln euro power plant order, to be booked in Q2

* Says deal may also include services

* Shares up 1.1 pct after 5.7 pct leap
(Adds detail, share reaction)

HELSINKI, May 14 (BestGrowthStock) – Finnish engineering firm
Wartsila (WRT1V.HE: ) said it had won a power plant deal in Brazil
worth close to 200 million euros ($254 million), sending its
shares a 2010 high on Friday.

At 0805 GMT shares were 1.1 percent higher at 38.21 euros,
cooling off after racing to a year-high of 39.91 euros, a gain
of 5.7 percent. The broader STXE 600 Industrial Goods and
Services index (.SXNP: ) was slightly in the red.

“The order … corresponds to close to a quarter worth of
revenues of its Power Plants unit. We think the order is very
positive news, as we have worried that the unit’s book-to-bill
would stay below one,” brokerage FIM said in its morning note.

Wartsila said in addition to the 380 MW plant for Energetica
Suape II SA, partly owned by Brazilian state-run oil company
Petrobras (PETR4.SA: ), it was in talks on providing additional
services.

“This project represents the largest power plant ever built
by Wartsila anywhere in the world,” the firm said in a
statement.

Wartsila said the plant, which will run on heavy fuel oil,
is to be built in the town of Cabo in northeastern Brazil.

Money

($1=.7872 Euro)
(Reporting by Eva Lamppu; Editing by Hans Peters)

UPDATE 1-Wartsila wins $250 mln Brazil deal; shares rise