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PRESS RELEASE 4 May 2007

PÖYRY AWARDED ENGINEERING SERVICES CONTRACT FOR A NEW CHP POWER PLANT IN THE UK

Pöyry's Energy business group has received an assignment by UPM-Kymmene Corporation for services in a renewable energy combined heat and power plant project in the UK. The value of the assignment is over EUR 2 million.

 
UPM has decided to build a new power plant at its Caledonian mill in Irvine, Scotland. The new boiler will utilise a 350 000 t/a combination of biomass and site derived residues as its primary fuel. The total investment cost is GBP 59 million (approx. EUR 88 million).
 
Pöyry's assignment includes pre-engineering and implementation engineering, project management and procurement services. The plant comprises a new boiler plant utilising bubbling fluidized bed combustion technology, an extraction-condensing steam turbine and new fuel handling systems.
 
The new power plant, once started up in the third quarter of 2009, will continue to reduce UPM's CO2 emissions by 75 000 t/a. The company has reduced its production related fossil CO2 emissions by 25 per cent during the last ten years by investing in biofuel based energy generation and in energy efficiency. The new power plant at the Caledonian mill will also significantly assist the Scottish Executive in achieving its 2010 national renewables generation target of 18 per cent.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2006 amounted to about EUR 620 million and it employs 6400 experts.
 
PÖYRY PLC
 
Satu Perälampi
Investor Relations Manager
 
Additional information by:
Ari Asikainen, President Power & Heat, Energy business group
Tel. +358 10 33 24476
Kari Kuisma, President, Pöyry Energy Oy, Finland
Tel. +358 10 33 24381
 
 
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