Pöyry awarded EUR 13 million hydropower plant contract in Austria

3/9/2006, 1:45 PM (Source: GlobeNewswire)

Pöyry's Energy business group has been awarded the detail design
contract and site supervision contract for the pumped storage power
scheme Limberg II by Austrian Hydro Power. The power plant is part of
the Glockner Kaprun Scheme in Austria and will dispose of an
installed capacity of 480 MW. The construction phase lasts until
2012. Pöyry's order amounts to approximately EUR 13 million.

After a period of reserve, the market for construction of new hydro
power plants is making progress again in Europe. Of special
importance in this respect is the extension of capacities of pumped
storage power schemes. This special type of power plant enables
energy supplying companies to shift parts of the energy production
from low tariff periods to high tariff periods, which increases
profitability of the enterprises. Furthermore, these power plants
serve to provide the corresponding regular and stand-by capacity to
the UCTE-net.

Pöyry is Austria's leading engineering and consulting company in the
energy, infrastructure and environmental sector.

Pöyry is a global consulting and engineering firm focusing on the
energy, forest industry and infrastructure & environment sectors.
Pöyry's annual net sales amount to about EUR 530 million and it
employs 5600 experts.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen
President and CEO

Teuvo Salminen
Deputy to President and CEO
Additional information by:
Richard Pinnock, President & CEO, Electrowatt-Ekono, Zurich,
Switzerland
Tel. +41 76 356 2410
Thomas Kriesch, Head of Business Area Hydropower, Verbundplan,
Salzburg, Austria Tel. +43 50 313 22585
Hartwig Hasslwanter, Head of Business Area Civil Engineering,
Verbundplan, Salzburg, Austria
Tel. +43 50313 22244

www.poyry.com

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