PRESS RELEASE 25 Jan 2006
JAAKKO PÖYRY GROUP AWARDED EUR 0.9 MILLION OPERATION AND MAINTENANCE CONTRACT IN THE PHILIPPINES
Electrowatt-Ekono Philippines, Inc., which is part of the Jaakko Pöyry Group's Energy business group, has been awarded a three-year operation and maintenance (O&M) contract by FR Cement Corporation. The contract value is EUR 0.9 million.
The award is an extension of the company's previous operation and maintenance contract for the 17.5 MW fuel oil fired independent power plant. Electrowatt-Ekono Philippines has been performing the O&M for FR Cement since 2002 and has previously performed extensive rehabilitation work for the client.
FR Cement Corporation is part of the Lafarge Associated Companies in the Philippines and is based in Teresa, Rizal.
O&M services are of strategic value for the Energy business group as they form part of the total solution approach being offered to clients in selected markets.
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
Investor Relations Manager
Additional information by:
Nico Kruger, Managing Director, Electrowatt-Ekono Philippines Inc.
Tel. +63 2 811 2462
Ari Asikainen, President Business Area Power and Heat, Electrowatt-Ekono
Tel. +358 400 81 66 33