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Pöyry Oyj: Pöyry awarded complete engineering services assignment for the Untere Tuxbachüberleitung hydropower project, Austria

Pöyry awarded complete engineering services assignment for the Untere
Tuxbachüberleitung hydropower project, Austria

PÖYRY PLC Press Release 20 December 2016 at 10.30 (EET)

Verbund Hydro Power GmbH has awarded Pöyry an assignment for a wide range of
engineering and project management services for the Untere Tuxbachüberleitung
hydropower project to be constructed in the Tyrolean Zillertal, Austria. The
assignment comprises detailed design and site supervision services as well as
the necessary geological aspects including hydro geological preservation

The Tuxbach hydropower project is situated in the Zillertal, province of
Tyrol. The new structure will harness the power of the Tuxbach creek and will
simultaneously increase the efficiency of the group of hydropower plants
"Zemm - Ziller", one of the largest power stations in Austria. The project
comprises one 8.6 km long tunnel, two weirs, a fish passing structure and a
small hydropower plant with an installed capacity of 1.7 MW. Construction
work will start in early 2017 and is scheduled for completion after 3 years.

"This project further strengthens Pöyry's position as one of the world's
leading hydropower engineering consultancies", says Thomas Kriesch, Pöyry's
President of Regional Operations in Austria.

The value of the order is not disclosed. The order will be recognised in the
Regional Operations and Energy Business Group order stocks in Q4/2016.

Further information:

Thomas Kriesch
President, Regional Operations, Austria
Tel. + 43 664 2261079

Did you know?

Pöyry is involved in hydropower projects with a total installed capacity of
over 100 GW worldwide.

About Pöyry

Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and provide local services
in our core markets. We deliver management consulting 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 2015 were EUR 575 million and the company's
shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire

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