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PRESS RELEASE 5 Sep 2013

PÖYRY AWARDED OWNERS ENGINEER ASSIGNMENT FOR SHUQAIQ STEAM POWER PLANT IN SAUDI ARABIA

PÖYRY PLC          Press release 5 September 2013 at 11:00 am.

Saudi Electricity Company (SEC) has awarded Pöyry with the owner's engineer services for the conventional steam power plant and 380 KV substation in Shuqaiq, Saudi Arabia. The assignment includes the design review and site supervision of the complete power plant, the 380 KV substation, the flue gas cleaning system, seawater intake and all related auxiliary systems. This new Conventional Steam Power Project, Shuqaiq, will be located at the coast in the Western Province of Saudi Arabia.

Shuqaiq power plant consists of four 660 MW heavy fuel oil fired supercritical boilers, a 380 kV substation, related seawater intake, flue gas cleaning system and all necessary auxiliaries. It will have a generation capacity of 2640 MW. The project is an important milestone to meet the fast growing energy demand in the country.

"Pöyry is one of the world's leading power engineering companies. This assignment strengthens our well established position and shows that our capabilities and quality has been recognised in Saudi Arabia," says Dr. Raffael Schubiger, President Global Competence Line Thermal Power, Energy Business Group.

The value of the order is EUR 40 million. The order will be recognised within the Energy Business Group order stock in Q3. The duration of the assignment is approximately 60 months.

PÖYRY PLC

Additional information: 
Dr. Raffael Schubiger
President, Thermal Power, Energy Business Group, Pöyry
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 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).