Pöyry helps Eastern Africa in the search of geothermal resources
(Thomson Reuters ONE) -
PÖYRY PLC Press 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 eligible
applicants.
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.
PÖYRY PLC
Additional information:
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).
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Source: Pöyry Oyj via Thomson Reuters ONE
[HUG#1612709]
Unternehmensinformation / Kurzprofil:
Datum: 16.05.2012 - 14:00 Uhr
Sprache: Deutsch
News-ID 147321
Anzahl Zeichen: 2912
contact information:
Town:
Vantaa
Kategorie:
Business News
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"Pöyry helps Eastern Africa in the search of geothermal resources"
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