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STOCK EXCHANGE RELEASE 16 May 2007

PÖYRY AWARDED EUR 5 MILLION SERVICES CONTRACT FOR POWER PLANT PROJECT IN FINLAND

Pöyry's Energy business group has been commissioned by Fortum Power and Heat Oy to provide services for a combined heat and power plant project in Finland. Pöyry's services include complete engineering of the power plant as well as project management, procurement and construction management services. The value of the contract is over EUR 5 million.

 
Fortum has decided to build a new power plant in connection with their existing Suomenoja power plant in Espoo, Finland. Producing 234 MW of electricity and 214 MW of district heat, the new gas turbine combined cycle power plant will use natural gas as fuel, reducing the use of coal and oil in the existing power plant. The power plant will be completed by the end of 2009.
 
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:
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
 
 
DISTRIBUTION:
Helsinki Stock Exchange
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