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Pöyry Oyj: Pöyry awarded owner's engineer services assignment for 120 MW Musandam Independent Power Plant Project, Oman

PÖYRY PLC Press Release 22 April 2015 at 11 am (EEST)

Pöyry awarded owner's engineer services assignment for 120 MW Musandam
Independent Power Plant Project, Oman

The Musandam Power Company has awarded Pöyry with the owner's engineer
services assignment for the Musandam IPP (Independent Power Plant) Project.
The assignment includes the design review of the EPC (Engineering,
Procurement and Construction) contractor documentation as well as technical
and site supervision services.

Lead developer Oman Oil Company and its partner LG International Corporation
from South Korea are setting up this 120 MW IPP using dual fuel reciprocating
engines. The project is located at Tibat, Wilayat Bukha in the Musandam
Governorate of Oman. As the Musandam peninsula is separated from the rest of
the country, its electricity grid is also independent from Oman national
grid. Also being the sole power supplier, the Plant must have a very high
reliability and availability. It is designed to run primarily with natural
gas but also to accept diesel fuel as a back-up fuel. This project will
substitute the existing diesel-powered generation facilities in the
governorate. The fast track project is scheduled to be completed by the end
of the fourth quarter, 2016.

"Pöyry have been very active in the Sultanate of Oman. This order further
demonstrates our commitment to this very important region and the trust that
clients put in us. Pöyry is one of the world's leading power engineering
companies and we are proud to have been selected by the Musandam Power
Company in this interesting and challenging project" says Dr Raffael
Schubiger, Head of Thermal Power at Pöyry.

The value of the order is not disclosed. The order will be recognised within
the Energy Business Group order stock in Q1 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).


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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