PRESS RELEASE 29 Dec 2010
Pöyry awarded owner's engineering services contract totalling EUR 2.5 million for new coal fired power plant in Cambodia
PÖYRY PLC Press release 29 December 2010 at 10:45 a.m.
Pöyry's Energy Business Group has been awarded an Owner's Engineering services Contract for the planned 2x55 MW coal fired power plant in Stung Hav, Sihanoukville, Cambodia by Cambodian Energy Limited (CEL). CEL is a wholly owned subsidiary of Leader Universal Holdings Berhad of Malaysia,organised under the law of Cambodia. The value of the assignment is about EUR 2.5 million. Under this assignment, Pöyry will perform the design review of the EPC delivery of the power plant and provide construction supervision and project management services to the Client. The duration of the Owner's Engineering services is 33 months.
Cambodia Energy Limited will build this power plant under Power Purchase Agreement with Electricite Du Cambodge (EDC) and supply power to the Cambodian grid. Parallel to the construction of the plant, which will deliver power to Cambodian people by early 2013, EDC will construct a transmission line to Phnom Penh to distribute the power to the users around the capital.
Pöyry has been involved in the previous stages of this project and assisted the Client in the tendering and negotiation process of the EPC contract.
Additional information by:
Angel Rodero, President Power & Fuels Business Area, Spain
Tel. +34 6079 717 37
Ari Asikainen, President, Energy Business Group, Finland
Tel. +358 10 33 24476
Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts and the local office network in about 50 countries. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).