Pöyry awarded EPC Open Book assignment for the PEDC Coal Handling System, Philippines
(Thomson Reuters ONE) -
PÖYRY PLC Press Release 25 November 2014 at 10 am (EET)
Pöyry awarded EPC Open Book assignment for the PEDC Coal Handling System,
Philippines
Panay Energy Development Corporation (PEDC), a subsidiary of Global Business
Power Corporation, has awarded Pöyry with the Engineering, Procurement and
Construction (EPC), on an Open Book basis, of the Coal Handling System for the
150 MW PEDC power plant extension project.
The assignment includes an extension of the existing jetty by 65 metres, the
coal conveying system with a capacity of 900 tons per hour from the jetty to the
coal storage, the covered coal storage yard with a capacity to store 85,000 tons
of coal, the coal conveying system with a capacity of 2 x 300 tons per hour from
the coal storage yard to the coal crusher building and associated works such as
piling and civil works, fire fighting system, lighting, utilities. Construction
starts in November 2014 and is due to be completed by early February 2016.
The Coal Handling System is part of the 150 MW clean coal technology power plant
extension project for which construction started in January 2014 and which is
located in Iloilo City, Panay Island, Philippines. Panay island is part of the
Visayas, the group of islands situated south of the main island of Luzon. The
state-of-the art power plant extension complements the existing 2 x 82 MW clean
coal technology units which became operational in 2011 and will supply power to
consumers on Panay island and into the Visayas power grid.
"The PEDC 3 extension project is of strategic importance to PEDC and will supply
power to the Visayas and contribute to the development of the region. In an
effort to lower costs of power, PEDC agreed to execute a project on an EPC Open
Book basis for the first time", says Jimmy Azurin, Executive Vice President of
Global Business Power Corporation.
"Pöyry's EPC Open Book system methodology is a transparent approach, coupled
with a sharing mechanism of any savings from the ceiling price. The partnership
this creates is the perfect approach for both the client and Pöyry for this type
of project. This assignment further expands Pöyry's position in the Philippines
power market where Pöyry is involved, in different roles, in more than 60% of
the on-going power projects", says Richard Pinnock, Pöyry's Executive Vice
President Global Sales and Project Management.
The value of the order is undisclosed. The order will be recognised within the
Energy Business Group order stock in Q4/2014.
Additional information by:
Dominic Gemperle
Director, Thermal Power - Philippines, Energy Business Group
Tel. +63 91 88192648
Peter Heinzelmann
Senior Vice President, Large Projects, Global Sales and Project Management,
Switzerland
Tel. +41 76 3562036
Richard Pinnock
Executive Vice President, Global Sales and Project Management, Switzerland
Tel. +41 76 3562410
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).
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pöyry Oyj via GlobeNewswire
[HUG#1866441]
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2014 - 09:00 Uhr
Sprache: Deutsch
News-ID 355198
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contact information:
Town:
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Kategorie:
Business News
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