Pöyry Oyj: Pöyry awarded assignment by Austrian Power Grid AG for the reconstruction of a transmission system substation in

    Pöyry Oyj: Pöyry awarded assignment by Austrian Power Grid AG for the
        reconstruction of a transmission system substation in Austria


PÖYRY PLC Press release 24 July 2014 at 10 am (EEST).

Austrian Power Grid AG has awarded Pöyry with the assignment for the
construction of new 380/110/30kV switchgears at Kaprun substation, Austria.
The assignment includes detailed design engineering, project management and
installation services as well as the supply of equipment. Dismantling of the
existing 220kV switchgear and installation of the new components will be
managed step by step, in close co-operation with the client. The project will
start in August 2014 and will be completed by the end of 2016.

Kaprun substation is situated near Zell am See, province of Salzburg. This
project provides the direct integration into the 380kV transmission grid by
means of a 380kV gas-insulated switchgear (GIS), two 380/110kV power
transformers (300 MVA each) and a 380kV interconnection towards Tauern
substation. Units 3 and 4 of Kaprun pump storage power plant, owned by Verbund
Hydro Power AG, will be linked to the new 380kV level. Also included is the
partial upgrading and modernisation of the existing 110kV switchgear as well
as the modernisation of the local 16kV distribution grid coupling. The project
will be completed after deconstruction of the obsolete 220kV switchgear.

"Pöyry's comprehensive offering for the power transmission and distribution
sector in Europe underlines the company's commitment to supporting its clients
with the challenges of a changing power sector. Upgraded grid infrastructures
are instrumental in adopting the future generation mix and to guarantee
reliable power supply to all clients", says Phillip Norman, Vice President of
Poyry's Transmission and Distribution Global Competence Line.

The value of the order is not disclosed. The order will be recognised within
the Energy Business Group order stock in Q3/2014.

PÖYRY PLC

Additional information by:

Phillip Norman
Vice President, Transmission & Distribution, Energy Business Group
Tel: +971 5 05525074

Sergio Guimareas
President, Energy Business Group
Tel: +41 76 356 2173

Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and locally in our core
markets. We deliver strategic advisory 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 2013 were EUR 650 million and the company's shares are quoted on
NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

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Source: Pöyry Oyj via Globenewswire
HUG#1834093
 
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