PRESS RELEASE 10 Oct 2006
PÖYRY AWARDED CONSULTANCY CONTRACT FOR ENERGY EFFICIENCY PROJECT IN CHINA
Pöyry's Energy business group has been awarded a consulting engineering services contract for the China Utility-Based Energy Efficiency Finance Programme (CHUEE) by International Finance Corporation (IFC). The services will be provided to IFC based on a framework contract over a period of two years. The value of the assignment is not disclosed.
IFC is the private sector arm of the World Bank Group. IFC aims at triggering approximately RMB 1.2 billion worth of energy efficiency investments in China over the next 5-6 years under the CHUEE programme. Pöyry will provide engineering services for the programme implementation, including engineering services to identify, analyse and prepare energy efficiency projects and to support the CHUEE programme activities.
The project awarded is an important opening to China's energy consulting market where energy efficiency issues are important in the coming years. Pöyry's sub-consultants are the Finnish governmental energy efficiency agency Motiva Oy and the Chinese engineering and consulting companies CECIC and Uniufa.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's annual net sales amount to about EUR 600 million and it employs 6000 experts.
Investor Relations Manager
Additional information by:
Heli Antila, Director, Management Consulting, Pöyry Energy Oy, Finland
Tel. +358 10 33 24582, +358 40 5717 188
Nancy Wang, Director, Business Development, Energy China, Pöyry (Beijing) Consulting Company Limited, China
Tel. +86 10 6410 6551, +86 139 116 24850