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PRESS RELEASE 29 Mar 2012

Pöyry awarded contracts for the extension and modernisation of transmission system substations in Austria

PÖYRY PLC          Press release 29 March 2012

Pöyry's Energy business group has been awarded contracts by the Austrian transmission system operator Austrian Power Grid AG, for the extension and modernisation of the Bisamberg, St. Peter and Zell/Ziller substations. The overall value for Pöyry amounts to approximately EUR 9.3 million, and it has been booked in the first quarter order stock.

The scope of the work comprises detailed design engineering, project management, construction and installation services as well as the supply of equipment. Dismantling of the existing equipment and installation of the new components will be realised stepwise in close cooperation with the client. The projects will start in March/April 2012. St. Peter and Zell/Ziller will be completed by the end of 2013, and Bisamberg by the end of 2014. 

Pöyry's comprehensive offering for the T&D 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 for adopting the future generation mix and to guarantee reliable power supply to all clients.

PÖYRY PLC

Additional information:
Thomas Kriesch, Managing Director, Pöyry Energy GmbH, Austria
Tel. +43 1 53605 22585
Ari Asikainen, President, Energy Business Group, Finland
Tel. +358 10 33 24476
 
Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, transportation, water, environment and real estate. Pöyry has about 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2011 were EUR 796 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

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www.poyry.com