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PRESS RELEASE 12 Jul 2011

Pöyry to design two biofuel-fired CHP plants for Fortum

PÖYRY PLC          Press release 12 July 2011 at 2.00 p.m.

Pöyry's Energy business group has been awarded contracts by Fortum for the engineering, procurement and construction management (EPCM) services of two biofuel-fired CHP (combined heat and power) plants to be built in Järvenpää, Finland and Jelgava, Latvia.

The CHP plants will generate electricity and district heat. With the new plants, biofuel will replace use of natural gas and/or fuel oil at the existing plants and thus decreases greenhouse gas emissions from energy production. Commissioning of both plants is scheduled for the year 2013.

The parties have agreed not to disclose the value of the agreements.

PÖYRY PLC

Additional information by:
Mika Pohjonen, President, Energy, Pöyry Finland Oy,
tel. +358 40 525 1417
Jyrki Kovanen, Senior Vice President, Energy Projects, Pöyry Finland Oy,
tel. +358 40 546 0207

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).


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