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PRESS RELEASE 8 Jun 2016

Pöyry awarded assignment by Austrian Power Grid AG for the reconstruction and extension of a transmission system substation in Austria

PÖYRY PLC     Press release 8 June 2016 at 10.00 am (EEST).

Pöyry awarded assignment by Austrian Power Grid AG for the reconstruction and extension of a transmission system substation in Austria

Austrian Power Grid AG has awarded Pöyry with the assignment for the modernisation and extension of existing 220/380kV switchgears at Lienz substation, Austria. The frame agreement includes detailed design engineering, project management and installation services as well as the supply of equipment. Dismantling of the existing 220kV switchgear and installation of the new components will be managed step by step, in close co-operation with the client. The project will start in July 2016 and will be completed by the end of 2022.

Lienz substation is situated in the south of Austria in the province of Osttirol. This project provides an additional integration into the 380kV transmission grid by means of a third 380/220kV power transformer 550 MVA and a 380kV reinforcement towards Tauern substation in the north. Upgrading and modernisation of the 220kV switchgear provides a powerful grid integration of Malta/Reisseck Hydropower plants and an adequate interconnection towards Obersielach substation in the east. Due to the complex grid situation all the deconstruction, reconstruction and extension works will be realised in ten well-defined project phases.

"Pöyry's comprehensive offering for the power transmission and distribution sector in Europe underlines the company's commitment to supporting its clients with the challenges of a changing power sector. Upgraded grid infrastructures are instrumental in adopting the future generation mix and to guarantee reliable power supply to all clients", says Thomas Kriesch, Pöyry's Head of Transmission and Distribution.

The values of the frame contract and call-off orders are not disclosed. The call-off orders will be recognised within the Energy Business Group order stock from Q2/2016 onwards.

PÖYRY PLC

Additional information by:

Stefan Hofer
Department Head, Transmission & Distribution, Energy Business Group
Tel: +43 1 53605 54640

Thomas Kriesch
Vice President, Transmission & Distribution, Energy Business Group
Global Competence Line
Tel: +43 1 53605 22585

Anja McAlister
President, Energy Business Group
Tel: +358 10 33 49018

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).