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PRESS RELEASE 18 May 2010

Pöyry signed consultancy services contract for thermal power projects in the Kingdom of Saudi Arabia

PÖYRY PLC          Press release 18 May 2010 at 3.30 p.m.

 

Pöyry has been awarded a consultancy contract for the provision of engineering services for Saudi Electricity Company in the Kingdom of Saudi Arabia.

 

The contract is a non-exclusive framework contract valid for three years with a possibility of two years' extension. The services to be performed contain various engineering tasks partially on a lump sum basis and partially on unit rate basis for thermal power plants. The work will be assigned by individual service orders for specific projects. The project will be booked into the order stock after signing the respective service orders based on the framework contract.

 

Saudi Electricity Company is a Saudi Arabia-based joint-stock company with headquarters in Riyadh and is engaged in the generation, transmission and distribution of electricity across Saudi Arabia.

 

Pöyry is currently involved in Saudi Arabia as owner's engineer in the design and implementation of a seawater FGD (flue gas desulphurization) plant in Jeddah with a capacity of 5 x 150 MW for SWCC (Saline Water Conversion Corporation). Pöyry is also participating in the study phase of two seawater FGD plants for the Rabigh and Shoaiba power plants with a total electrical capacity of over 5800 MW for the Saudi Electricity Corporation.

 

PÖYRY PLC

 

Additional information by:

Ari Asikainen, President, Energy Business Group, Finland

Tel. +358 10 33 24476

Angel Rodero, President Power & Fuels Business Area, Spain

Tel. +34 6079 717 37

 

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

 

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www.poyry.com