PRESS RELEASE 9 Jan 2003
ELECTROWATT-EKONO AWARDED EUR 1.5 MILLION OPERATION AND MAINTENANCE CONTRACT IN THE PHILIPPINES
Electrowatt-Ekono (Philippines), Inc., which is part of the Jaakko Pöyry Group's Energy business group, has been awarded an operation and maintenance (O&M) contract by Carmelray Industrial Park Power Corporation in Singapore. The total contract value is EUR 1.5 Million.
The contract is an extension of Electrowatt-Ekono's previous O&M contract for another three years for the 2 x 3.5 MW diesel-powered independent plant supplying power to the industrial park outside Manila. The contract is also an expansion of Electrowatt-Ekono's services to include two additional 7 MW diesel generators.
The contract is in line with Electrowatt-Ekono's strategy to expand its O&M services globally, with special focus on partnerships with private multi-national organisations. Carmelray Industrial Park Power is the Philippine subsidiary of Ascendas of Singapore, a major player in industrial estate and property developments in Asia.
The Energy business group, operating under the brand name Electrowatt-Ekono, had net sales of EUR 127 million in 2001. Electrowatt-Ekono has offices in 20 countries and employs 1200 experts worldwide.
JAAKKO PÖYRY GROUP OYJ
Additional information by:
Richard Pinnock, CEO, Electrowatt-Ekono, Zurich/Switzerland
Tel. +41 76 356 2410
Nicky Gemperle, President, Electrowatt-Ekono (Philippines), Inc.
Tel. +63 2 811 2472