PÖYRY PLCPress release 16 May 2012
Pöyry's Energy business group has been awarded a Consulting Contract by the
African Union Commission (AUC) in cooperation with the KfW Development Bank
for the establishment and operation of the Geothermal Risk Mitigation Facility
(GRMF) for Eastern Africa. The value of the contract amounts to EUR 3.5
million and it has been booked in the first quarter order book. The duration
of the project is 48 months.
GRMF identifies and develops geothermal resources for power production in
Ethiopia, Kenya, Rwanda, Tanzania and Uganda. The projects will be supported
by a fund of EUR 50 million provided by the German Government and the European
Union. Based on Pöyry's extensive experience in the procurement and tendering
processes and deep understanding of geothermal resources, the company was
selected as best bidder to support the AUC in evaluating and selecting
Pöyry creates common developer manuals and operational methodologies for
choosing parties interested in surface studies and exploration drilling
projects in the region. During the execution period the chosen projects will
be monitored and reported. A regional geothermal database of prospects in the
region will be developed and updated.
Philipp Elkuch, President, Business Area Central Europe, Energy Business Group
Tel. +41 76 356 20 59
Ari Asikainen, President, Energy Business Group, Finland
Tel. +358 10 33 24476
Pöyry is a global consulting and engineering company dedicated to balanced
sustainability and responsible business. With quality and integrity at our
core, we deliver best-in-class management consulting, total solutions, and
design and supervision. Our in-depth expertise extends to the fields of
energy, industry, transportation, water, environment and real estate. Pöyry
has about 7,000 experts and a local office network in about 50 countries.
Pöyry's net sales in 2011 were EUR 796 million and the company's shares are
quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
This announcement is distributed by Thomson Reuters on behalf of Thomson
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information contained therein.
Source: Pöyry Oyj via Thomson Reuters ONE
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