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PRESS RELEASE 10 Jun 2010

Pöyry awarded nuclear and renewable energy strategy project in Saudi Arabia

PÖYRY PLC          Press release 10 June 2010 at 11.00 a.m.

 

Pöyry has been appointed by KA-CARE (King Abdullah City for Atomic and Renewable Energy) to help prepare a draft of the national vision and high-level strategy in the area of nuclear and renewable energy applications for Saudi Arabia and help define KA-CARE's strategy, operating model, key short and longer term priorities, and the immediate initiatives and action plan.

 

Saudi Arabia has increasing needs for power and water, and nuclear and renewable energy with desalination will be key future technologies. Creating a balanced mix of non-fossil fuel energy is of strategic importance for the country's long term prosperity and energy security.

 

The very low life-cycle emissions of CO2 make nuclear power an increasingly viable alternative in the energy production mix. Pöyry is one of the world's leading independent engineering consultants in the nuclear sector and a global provider of renewable energy solutions. Pöyry's services cover the entire lifecycle and all relevant aspects of nuclear energy i.e. from early development phases to construction, operation, decommissioning and spent fuel disposal.

 

PÖYRY PLC

 

Additional information by:

David Cox, President, Business area Energy, Management Consulting business group, UK

Tel. +44 (0)7713 486 860

Philipp Elkuch, President, Business area Nuclear, Transmission & Distribution, Energy business group, Switzerland

Tel. +41 76 356 2059

 

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

 

DISTRIBUTION:

Major media

www.poyry.com