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PRESS RELEASE 4 Dec 2014

Pöyry awarded site supervision services assignment by GKI at new 89 MW Hydropower plant in Austria

PÖYRY PLC     Press release 4 December 2014 at 10:00 (EET)

Pöyry awarded site supervision services assignment by GKI at new 89 MW Hydropower plant in Austria

Gemeinschaftskraftwerk Inn (GKI) has awarded Pöyry with the assignment for site supervision services at a new 89 MW Hydropower plant in Austria. The average output of the plant will be able to supply more than 90,000 households with CO2-free electricity. The project commenced in August 2014 and will be executed with a local consortium partner to the end of 2019.

The power plant is situated in the upper part of the Inn valley, near the Swiss border in the province of Tyrol. The project consists of a 2.5 km long reservoir, a 15 m high weir, a 23.2 km long head race tunnel with diameters of 5.5 m to 5.8 m and a power house with 2 Francis Turbines with a total installed capacity of 89 MW. The average output of 414.3 million kWh will be able to supply more than 90,000 households with CO2-free electricity. The electricity will be integrated into the Austrian high voltage grid. The total investment amounts to 461 MEUR.

"With an accumulated total installed capacity exceeding 100 000 MW, Pöyry is one of the world's leading hydropower engineering consultancies. Our comprehensive offering for site supervision services underlines the commitment to supporting our clients with the challenges of complex investments in the hydropower sector", says Thomas Kriesch, President of Pöyry's Regional Operations in Austria.

The value of the order is not disclosed. The order was recognised within the Regional Operations Business Line order stock in Q3/2014.

PÖYRY PLC
 
Additional information by:

Thomas Kriesch
President, Regional Operations, Austria
Tel: + 43 53 605 54800

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 and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2013 were EUR 650 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).