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PRESS RELEASE 20 Aug 2015

Pöyry awarded extension to owner's engineer services assignment for Ras Al Khair project, Saudi Arabia

PÖYRY PLC              Press Release 20 August 2015 at 12:00 pm (EEST)

Pöyry awarded extension to owner's engineer services assignment for Ras Al Khair project, Saudi Arabia

The Saline Water Conversion Company (SWCC) has awarded Pöyry with a two year extension to the owner's engineer services assignment for the Ras Al Khair power & desalination plant in the Kingdom of Saudi Arabia.

The project started in November 2010 and is scheduled to achieve full power and water production by the end of 2015. Pöyry will then continue to support SWCC to finalise the project until the preliminary acceptance by the client in May 2016 and subsequently to act as warranty engineer for the owner until May 2017.

Pöyry's scope includes the design review, project management and site supervision on behalf of the client. Pöyry currently has over 60 employees on site supporting the construction and commissioning of the plant.

The Ras Al Khair plant is a landmark project for SWCC. It is the largest of its kind in the world - a combined power and desalination plant converting more than 1 billion litres of seawater into potable water each day. Along with a new water transportation pipeline, it transforms the picture for potable water in Riyadh, one of the world's fastest-growing and most water-stressed cities. The Ras Al Khair plant not only produces water, it also produces 2 400 MWe of electricity for the Eastern Province of Saudi Arabia.

"Pöyry has a long-standing relationship with SWCC going back some 30 years. As one of the world's leading power engineering companies, Pöyry is proud to support our clients to succeed with important projects such as Ras Al Khair". says Floris van Straaten, Pöyry's Regional Director in the Middle East for Thermal Power.

The value of the order is not disclosed. The order will be recognised within the Energy Business Group order stock in Q3 2015.

For further information, contact:

Floris van Straaten
Regional Director, Middle East, Thermal Power
Tel: +41 76 356 2246

Dr Raffael Schubiger
Vice President, Thermal Power
Tel. +41 76 356 20 67

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2014 were EUR 571 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).