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STOCK EXCHANGE RELEASE 23 Jul 2007

PÖYRY AWARDED EUR 11 MILLION COAL-FIRED POWER PLANT ENGINEERING ASSIGNMENT IN VIETNAM

Pöyry has been awarded an owner's engineering contract for the Vung Ang power plant project in Vietnam by Vietnam Machinery Erection Corporation (LILAMA). The contract value amounts to about EUR 11 million and it will be included in the order stock for the second quarter.

 
The project will be a 2 x 600 MW coal-fired power plant, located some 420 km south of Hanoi. Due to its size, location and technical sophistication, the Vung Ang project has been identified as a keystone in LILAMA's strategy as well as an important part in Vietnam's future energy generation capacity.
 
The Vung Ang power plant project is a key strategic milestone in Pöyry's activities in Southeast Asia. The assignment further consolidates Pöyry's position in the area and especially in the rapidly growing Vietnamese energy markets.
 
LILAMA is the leading plant erector in Vietnam with own manufacturing plants and some 20 000 employees. It is involved in Vietnam's major construction projects, comprising thermal and hydropower as well as oil and gas projects.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure and environment sectors. Pöyry's net sales in 2006 amounted to about EUR 620 million and it employs 6400 experts.
 
PÖYRY PLC
 
Erkki Pehu-Lehtonen
President and CEO
 
Teuvo Salminen
Deputy to President and CEO
 
Additional information by:
Angel Rodero, Managing Director, Pöyry Energy Ltd, Thailand
Tel. +66 2 657 1000
Ari Asikainen, President Power & Heat, Energy business group, Finland
Tel. +358 10 33 24476
 
 
DISTRIBUTION:
Helsinki Stock Exchange
Major media