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STOCK EXCHANGE RELEASE 24 Sep 2002

JAAKKO PÖYRY GROUP AWARDED EUR 80 MILLION CONSTRUCTION AND SUPPLY CONTRACTS FOR FOUR BIOENERGY POWER PLANTS IN THAILAND

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           September 24, 2002 at 8.40 a.m.

JAAKKO PÖYRY GROUP AWARDED EUR 80 MILLION CONSTRUCTION AND SUPPLY
CONTRACTS FOR FOUR BIOENERGY POWER PLANTS IN THAILAND

The Jaakko Pöyry Group's Energy business group, Electrowatt-Ekono,
has been awarded construction and supply contracts for four
bioenergy power plants by A.T. Biopower Company Ltd. The value of
the construction and supply contracts is EUR 20 million per power
plant. The contracts will become effective and recorded in the order
stock upon the financial closure, scheduled for January 2003.

The contract assignment includes the engineering, procurement,
construction and commissioning services for four identical 20 MW
rice husk-fuelled power plants located at separate sites northwest
of Bangkok. The projects will be executed over a period of 32
months. To ensure an early start of the project, A.T. Biopower has
issued Electrowatt-Ekono with an initial pre-engineering contract to
immediately commence the engineering work.

Electrowatt-Ekono's goal is to expand its range of services in the
renewable energy power market, especially in Europe and Southeast
Asia. This assignment will be the Energy business group's second
renewable energy contract based on rice husk fuel in Thailand.

The major investors of A.T. Biopower are Rolls Royce Power Ventures,
a subsidiary of Rolls Royce Plc., Al Tayyar Energy, a Dubai-based
renewable energy equity fund, and Flagship Asia Co. Ltd., a Labuan-
based (Malaysia) renewable energy development company.

The Energy business group, operating under the brand name
Electrowatt-Ekono, had net sales of EUR 127 million in 2001.
Electrowatt-Ekono has offices in 20 countries and employs 1200
experts worldwide.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Executive Vice President

Additional information by:
Jukka Nyrölä, CEO, Electrowatt-Ekono, Zurich, Switzerland
Tel. +41 76 356 2451
Richard Pinnock, COO, Electrowatt-Ekono, Zurich, Switzerland
Tel. +41 76 356 2410

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
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