STOCK EXCHANGE RELEASE 25 Sep 2009
Pöyry awarded EUR 8 million EPCM assignment for waste-to-energy plant in Finland
PÖYRY PLC Company Announcement 25 September 2009 at 3.00 p.m.
Pöyry has signed a comprehensive EPCM (Engineering, Procurement and Construction Management) services contract with Vantaa Energy Ltd for a waste-to-energy plant to be built in Vantaa, Finland.
The value of the assignment is about EUR 8 million. The contract covers a wide range of project services including project management, procurement, design, engineering, construction management, site supervision and commissioning services.
Vantaa Energy Ltd is one of Finland's largest municipal energy utilities, producing and selling electricity and district heating. The new plant will process 320 000 t/a of municipal waste, and produce 67 MW of electric power and 100 MW of district heat. The plant is scheduled to start operation in 2014. With the new plant, Vantaa Energy's consumption of fuel coal will reduce by about 30 per cent. This reduces greenhouse gas emissions and helps mitigate climate change. The total emissions of the company will reduce by about 20 per cent compared to the situation today, and the amount of municipal waste to be disposed at landfill will reduce significantly.
Pöyry provides sustainable energy solutions to meet global energy demand. This assignment underlines Pöyry's position as the European leader in waste management and waste-to-energy expertise and further strengthens Pöyry's position as the leading provider of EPCM services to the energy sector" comments Heikki Malinen, President and CEO of Pöyry PLC.
Pöyry is a global expert in consulting, project management and engineering. We offer our clients in-depth industry expertise, innovative solutions and lifecycle engagement. Our knowledge extends across hydropower, oil and gas, power and heat, renewable energy, pulp and paper industry, chemical process industry, transportation, water and environment, and construction services. We have about 7000 experts at our service in 49 countries.
President and CEO
Deputy to President and CEO
Additional information by:
Patrick von Essen, President, Business Area Renewable Energy
tel. +358 40 583 0174
Kari Kuisma, President, Pöyry Energy Oy
tel. +358 400 704028
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