Pöyry awarded Technical Owner's Engineer services assignment for 299MWe biomass Combined Heat

Pöyry awarded Technical Owner's Engineer services assignment for 299MWe biomass Combined Heat and Power Plant for MGT Power Ltd in UK

ID: 490295

(Thomson Reuters ONE) -



PÖYRY PLC   Press Release 22 August 2016 at 10 am (EEST)

Pöyry awarded Technical Owner's Engineer services assignment for 299MWe biomass
Combined Heat and Power Plant for MGT Power Ltd in UK

PX Engineering Consultants Limited, part of the PX Group, has awarded Pöyry with
the technical services assignment for their Technical Owner's Engineering
contract with MGT Power Ltd for the 299MWe biomass CHP Plant to be constructed
in Teesport, North-East UK.

During the early stages of project development, Pöyry provided MGT with front
end engineering design and, during the final stages up to financial close,
technical support for the tendering and negotiation of the EPC contract.

This new assignment for the implementation phase includes assistance in design
review and construction supervision together with technical support during
erection, commissioning, testing and hand-over, and support during the warranty
period.

MGT Power is an independent British company focused on large scale biomass
projects which use sustainable forestry as fuel supply.
The £650m Tees Renewable Energy Plant (Tees REP) will utilise sustainable
biomass fuels, from the UK and globally, to generate around 2.4 TWhrs of
electricity each year.

"The Tees REP project has had to overcome many hurdles in development but we
have now successfully reached the next stage despite the difficult financing
environment. Support from the local region and a big team effort from Macquarie,
PX Group, Pöyry, RPS and Mace were instrumental in getting there" said Ben
Elsworth, CEO of MGT Teesside. "We can't wait to get work started on site and
make this project a huge success."

"We are delighted to have been selected to support MGT on this prestigious
biomass project" said Ian Clifford, PX Group Chief Executive Officer. "The fact




that the plant is on our doorstep, that it increases our involvement in the
renewable energy sector and endorses our engineering and project management
expertise, makes it particularly satisfying."

"The signing of financial agreements is a great success for the renewable energy
industry and paves the way for the world's largest new-build biomass Combined
Heat and Power (CHP) plant to be constructed in the UK" said Julian Scutter, UK
Head of Renewables for Pöyry's Energy Business Group. "The plant will utilise
modern circulating fluidised bed technology to generate 299MWe of electricity -
supplying the equivalent of 600,000 households - and will be one of the most
important thermal power plant build projects for decades"

The value of the order is not disclosed. The order will be recognised within the
Energy Business Group order stock in Q3/2016.

Contact

Phil Hodges
Regional Head, UK, Energy Business Group
Tel. +44 1403 224 200

József Denes
Vice President, Nuclear Energy
Tel. +36 1 455 3677

Did You Know? Pöyry is involved in power generation projects totalling over 100
GW of installed capacity worldwide.
www.poyry.com/thermal

About Pöyry

Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and provide local services in
our core markets. We deliver management consulting 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 2015 were EUR 575 million and the company's shares are quoted on Nasdaq
Helsinki (Pöyry PLC: POY1V).



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Pöyry Oyj via GlobeNewswire




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Datum: 22.08.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 490295
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