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PRESS RELEASE 1 Aug 2013

Pöyry awarded owner's engineer services assignment for Van Phong 1 coal-fired power plant project in Vietnam

PÖYRY PLC          Press release 1 August 2013 at 10:00 am.

Pöyry has been awarded the owner's engineer services assignment for the Van Phong 1 2x660 MW coal-fired power plant project in Vietnam by Sumitomo Corporation.

Van Phong 1 is a coal-fired power plant project consisting of two similar blocks, each block including a once-through pulverised coal fired steam generator and a steam turbine. The project will use supercritical steam values, which improves the plant efficiency and reduces emissions from the power plant compared to traditional subcritical design.

Pöyry will support the project owner Sumitomo Corporation during the project development and 53 month implementation period as the owner's engineer. Pöyry's assignment includes assistance in EPC and O&M contracting, design review, and supervision of construction and commissioning.

"We are pleased to assist Sumitomo in this important project which will be one of the most efficient coal-fired power plants in Vietnam. This project is a good example of the value added that Pöyry can provide for large power projects in Asia due to its strong local office network and more than 40 years of experience in the region", says Petteri Härkki, President Asia Pacific and Middle East, Energy Business Group.  

Pöyry is one of the leading power sector consulting engineering companies in Asia Pacific and is currently involved in the development and implementation of more than 10,000 MW of coal-fired power generation capacity in the region.

The value of the assignment is not disclosed. The project has been included in Energy Business Group's second quarter 2013 order stock.

PÖYRY PLC

Additional information by:
Sergio Guimaraes, President, Energy Business Group, Switzerland
Tel. +41 76 356 2173
Petteri Härkki, President Asia Pacific and Middle East, Energy Business Group 
Tel. +66 2 657 1000

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory 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, water and real estate sectors. Pöyry has an extensive local office network employing about 6,500 experts. Pöyry's net sales in 2012 were EUR 775 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).