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STOCK EXCHANGE RELEASE 21 Oct 2010

Pöyry awarded contracts totalling EUR 15 million for power plant projects in Thailand - EUR 7.5 million will be booked in the order stock in 2010

Pöyry awarded contracts totalling EUR 15 million for power plant projects in Thailand - EUR 7.5 million will be booked in the order stock in 2010

PÖYRY PLC          Company Announcement 21 October 2010 at 4.45 p.m.

Pöyry has been awarded engineering contractor services contracts for 6 x 110 and 1 x 120 MW gas-fired combined cycle cogeneration power plant projects in Thailand by Mit-Power (Thailand) Limited, which is owned by Mitsui. The total value of the assignments is about EUR 15 million. The Notice to Proceed (NTP) for the first three contracts with a value of about EUR 7.5 million was issued on 15 October 2010 and the order will be booked into the fourth quarter 2010 order stock. The NTP for the remaining four projects is expected to be issued and booked in the order stock in 2011.

Pöyry's assignment includes preparing the plant configuration, piping and plant engineering, plant layout design, civil and structural design, process, control, instrumentation and electrical design, and procurement and tendering services. The overall schedule for the seven projects is 37 months.  The schedule for the first plant is 26 months. The second plant will be executed within 28 months and the third unit shall be completed within 29 months. The expected commercial operation date for the first project is scheduled for December 2012 and the remaining projects will follow within 2013. These cogeneration plants are being developed under the Thailand Small Power Producer (SPP) scheme, whereby 90 MW of each plant are sold to the Electricity Generating Authority of Thailand (EGAT) and electricity and steam to industrial users in the areas.

The projects have been developed by Gulf JP Co., Ltd., the owner of the entire power plant projects, who has selected Mit-Power (Thailand) Ltd., and Toyo Engineering Corporation of Japan as EPC contractors.  

PÖYRY PLC

Additional information by:
Ari Asikainen, President, Energy business group, Pöyry PLC, Finland
Tel. +358 10 33 24476
Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC, Finland
Tel. +358 10 33 23002

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.poyry.com