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2015-08-20

Pöyry Oyj: Pöyry awarded extension to owner's engineer services assignment for Ras Al Khair project, Saudi Arabia

PÖYRY PLC Press Release 20 August 2015 at 12:00 pm (EEST)

Pöyry awarded extension to owner's engineer services assignment for Ras Al
Khair project, Saudi Arabia

The Saline Water Conversion Company (SWCC) has awarded Pöyry with a two year
extension to the owner's engineer services assignment for the Ras Al Khair
power&desalination plant in the Kingdom of Saudi Arabia.

The project started in November 2010 and is scheduled to achieve full power
and water production by the end of 2015. Pöyry will then continue to support
SWCC to finalise the project until the preliminary acceptance by the client
in May 2016 and subsequently to act as warranty engineer for the owner until
May 2017.

Pöyry's scope includes the design review, project management and site
supervision on behalf of the client. Pöyry currently has over 60 employees on
site supporting the construction and commissioning of the plant.

The Ras Al Khair plant is a landmark project for SWCC. It is the largest of
its kind in the world - a combined power and desalination plant converting
more than 1 billion litres of seawater into potable water each day. Along
with a new water transportation pipeline, it transforms the picture for
potable water in Riyadh, one of the world's fastest-growing and most
water-stressed cities. The Ras Al Khair plant not only produces water, it
also produces 2 400 MWe of electricity for the Eastern Province of Saudi
Arabia.

"Pöyry has a long-standing relationship with SWCC going back some 30 years. As
one of the world's leading power engineering companies, Pöyry is proud to
support our clients to succeed with important projects such as Ras Al Khair".
says Floris van Straaten, Pöyry's Regional Director in the Middle East for
Thermal Power.

The value of the order is not disclosed. The order will be recognised within
the Energy Business Group order stock in Q3 2015.

For further information, contact:

Floris van Straaten
Regional Director, Middle East, Thermal Power
Tel: +41 76 356 2246

Dr Raffael Schubiger
Vice President, Thermal Power
Tel. +41 76 356 20 67

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 2014 were EUR 571 million and the company's
shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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