Skip to Site Navigation | Skip to Content

Walters Power Sells Equipment to Canadian Utility

Walters Power Sells Equipment to Canadian Utility

For Immediate Release

OKLAHOMA CITY (July 18, 2005) -- Walters Power recently completed a sale of a 2.8 MW Wartsila engine generator set to Northwest Territories Power Corporation of Canada.

The equipment was originally manufactured by Finland-based Wartsila, in its factory in Mulhouse, France. The equipment was purchased in California by Walters Power from Houston-based Stewart and Stevenson Services, Inc., and later sold by Walters Power to the Canadian utility for a power plant installation in the province of Northwest Territories.

“We are proud to help the Northwest Territories Power Corporation’s efforts to provide power to nearly thirty communities in the most remote areas of Canada,” said David Walters, President of Walters Power International and former governor of Oklahoma.

Details of the sale were not disclosed, but the unit was advertised on the Walters Power website at $600,000.

“This engine is no longer manufactured and we were pleased to buy two out of six of the last new engines of this model in the world,” Walters said.

Walters Power International partnered with RT Oliver Investments, also of Oklahoma City, on this purchase and sale. Financing for the purchase was provided by BancFirst of Oklahoma City.

“There are 300 of these engines operating worldwide and we hope to soon sell our last engine. Walters Power International operates an international trading operation in electrical generation equipment based in Oklahoma City,” said Walters.

Contact Form