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PRESS RELEASE 17 Mar 2010

Pöyry awarded EUR 1.2 million consulting assignment in Tanzania

PÖYRY PLC          Press release 17 March 2010 at 4.30 p.m.

 

Pöyry has been awarded a consulting services contract for providing institutional support to the Rural Energy Agency (REA) in Tanzania. The assignment includes two phases of services with a total value of about EUR 1.2 million.

 

The first phase covers two years and will commence in March 2010. The overall objective of the assignment is to provide technical assistance in developing and building the technical and institutional capacity of the REA to efficiently and effectively carry out its obligations.

 

The specific objectives of the first phase are to have the institutional set-up required for implementation and monitoring of the Government's policy for rural energy in place and to ensure that sustainable capacity within the REA to execute its obligations in the short and long term has been developed. Pöyry will assist the Rural Energy Board in soliciting proposals for external funding. Assistance will also be provided in developing guidance and methods for preparation of bid packages for rural energy projects. Criteria for subsidy allocation and other strategic conditions for successful provision of modern energy services in rural areas will be reviewed. Of particular importance is the development of cooperation procedures between the REA and the regulator, EWURA. Procedures for sequencing of licensing and subsidy awards will be elaborated with EWURA.

 

Pöyry has extensive experience in the development of institutional frameworks and policy for the promotion of rural energy activities in Western, Southern and Eastern Africa and Asia.

 

PÖYRY PLC

 

Additional information by:

David Cox, Managing Director, Pöyry Energy Ltd, UK

Tel +44 1865 81 22 27

Therése Hindman Persson, Managing Director, Pöyry Management Consulting (Sweden) AB

Tel: +46 70 482 11 56

 

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).

 

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www.poyry.com