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PRESS RELEASE 2 Dec 2005

ELECTROWATT-EKONO TO PROVIDE ENGINEERING SERVICES FOR AN RDF PLANT IN GERMANY


Electrowatt-Ekono (Hamburg) GmbH, which is part of the Jaakko Pöyry Group's Energy business group, has been awarded an assignment to provide engineering services for a combined heat and power, CHP, plant in Ruedersdorf, Berlin by Vattenfall Europe Waste-to-Energy, Germany. The assignment encompasses owners engineering services for the implementation of a power plant using refuse-derived fuel (RDF). The value of the assignment is about EUR 3 million.

When completed the Ruedersdorf CHP plant will be the largest RDF-based plant in Germany with a consumption of 226 000 t/a RDF. RDF is produced by extracting the high calorific fraction of solid household and industrial waste. The steam turbine will produce up to 36 MW electricity gross. The electricity will be delivered to Ruedersdorfer Zement, a cement production unit of CEMEX Germany. Vattenfall will execute the project under a contracting scheme for Ruedersdorfer Zement.

The Energy business group, operating under the brand name Electrowatt-Ekono, had net sales of EUR 146 million in 2004. Electrowatt-Ekono has offices in 22 countries and employs 1500 experts worldwide.

JAAKKO PÖYRY GROUP OYJ

Satu Perälampi

Investor Relations Manager

Additional information by:

Richard Pinnock, Chief Executive Officer, Electrowatt-Ekono, Zurich, Switzerland

Tel. +41 76 356 2410

Jean-Jacques Nyffenegger, President Renewable Energy, Electrowatt-Ekono, Zurich, Switzerland

Tel. +41 76 356 2058

www.poyry.com

DISTRIBUTION:

Major media