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PRESS RELEASE 18 Sep 2007

PÖYRY AWARDED EUR 3 MILLION HYDROPOWER CONTRACT IN MONGOLIA

Pöyry has been awarded a contract by the Energy Research and Development Centre of the Ministry of Fuel and Energy of Mongolia for owners engineering services during the implementation of the Egiin river hydropower project. The value of the assignment is about EUR 3 million.
 
The project site is situated a short distance upstream of the confluence with the Selenge river, the biggest river draining into lake Baikal, and about 300 km north of the capital Ulaanbaatar. The Egiin scheme will include a 90 m high dam and a 210 MW power station.
 
Pöyry has been active in the hydro and thermal power market in Mongolia since 1993. For this project Pöyry has performed various technical studies for the Government of Mongolia since 1993. In this assignment Pöyry's services include the review and approval of the EPC contractor's basic and detail design, project management, construction supervision and commissioning supervisory services at the site, and know-how transfer and training.
 
The project will be the first large hydropower station in Mongolia, increasing the country's installed capacity by 20 per cent. This will considerably reduce the dependence on expensive energy supplies from Siberia. The plant will start delivering hydropower to the Mongolian grid in mid 2013.
 
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 7000 experts.
 
PÖYRY PLC
 
Satu Perälampi
VP, Corporate Communications and IR
 
Additional information by:
Vilho Salovaara, President Hydropower, Energy Business Group, Espoo, Finland
Tel. +358 10 33 24359
Knut Sierotzki, Head Hydropower Asia-Pacific, Pöyry Energy AG, Zurich, Switzerland
Tel. +41 76 356 2808
 
 
DISTRIBUTION:
Major media