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PRESS RELEASE 15 Nov 2011

Pöyry awarded Project Management Consultancy Services contract for a new supercritical coal fired power plant project

PÖYRY PLC          Press release 15 November 2011

Pöyry's energy business group has been awarded project management consultancy services contract for a new supercritical coal fired power plant project in Vietnam by Vietnam Oil and Gas Group. The services will be provided jointly with our consortium partner PV Power Engineering Consulting Joint Stock Company. Pöyry's share of the services as the leader of the consortium is about EUR 5.9 million including taxes. The order value has been booked into the third quarter 2011 order stock.

Vietnam Oil and Gas Group plans to build the Quang Trach 1 coal fired thermal power plant in Quang Binh province, Vietnam.  The net plant capacity will be 1,200 MW with 2 supercritical units. Quang Trach 1 will be one of the first modern coal-fired power plants in Vietnam using supercritical steam values, which improves the plant efficiency and reduces emissions from the power plant compared to traditional subcritical design.

Pöyry's assignment includes review of technical design, total cost estimate and EPC requirement dossier, evaluation of EPC proposal, assistance in EPC contract negotiations, detailed design review, construction supervision, project control, and quality management. The estimated duration of the Consultancy Services is 48 months.

PÖYRY PLC

Additional information:
Ari Asikainen, President, Energy Business Group, Finland
Tel. +358 10 33 24476
Petteri Härkki, President Asia Pacific, Energy Business Group  
Tel. +66 2 657 1000

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 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).

DISTRIBUTION:
Major media
www.poyry.com