Pöyry awarded engineering services assignment for EPC Selection of GLEDC's supercritical power

Pöyry awarded engineering services assignment for EPC Selection of GLEDC's supercritical power plant in the Philippines

ID: 546187

(Thomson Reuters ONE) -


PÖYRY PLC   Press Release 5 June 2017 at 07:00 (CEST)

Global Luzon Energy Development Corporation (GLEDC) has awarded Pöyry with the
owner's engineer assignment for EPC selection for its supercritical power plant
in La Union, Luzon, Philippines.

The 2x300 megawatt coal-fired power plant project will contribute to the
stability in supply of electricity to the country by providing adequate and
reliable power to its customers, encompassing industrial, commercial and
domestic requirements. Such supercritical boilers operate at very high pressures
making it more efficient than standard power plants and directly leads to
reduction of costs and CO2 emissions.

GLEDC is a unit of Global Business Power Corporation (GBPC), one of the largest
independent power producers in the southern region of the Philippines. GBPC in
turn is part of the Metro Pacific Group.

Poyry, as GLEDC's project development partner, will deliver technical advisory
services to assist in developing a solid engineering, procurement and
construction (EPC) contract that will be cost-competitive and reliable.

"We are honored to have been chosen by GLEDC as a consultant for their first
thermal plant in Luzon," said Nicky Gemperle, president of Poyry Energy Inc.,
Philippines. "We assure GLEDC of Poyry's continued commitment and partnership as
they expand their operations," added Mr. Gemperle.

Photo shows (left to right) Global Business Power President Jimmy Azurin shaking
hands with Poyry Energy, Inc. President Dominic Gemperle as he formally awards
Poyry the owner's engineer assignment for EPC Selection of GLEDC's supercritical
power plant in Luna, La Union, Philippines.

For further information:

Dominic Gemperle
President
Pöyry Energy, Inc. (Philippines)
Tel: +63 918 819 2648

Did you know?




* Pöyry has had substantial involvement in the design and construction of
60 000 MW of thermal power projects all over the world.
* In Asia, Pöyry is currently involved in the development and construction of
more than 17 000 MW of thermal power.
* This assignment further expands Pöyry's position in the Philippine power
market where Pöyry is involved, in different roles, in more than 60% of the
on-going power projects.

About Poyry

Pöyry is an international consulting and engineering company that delivers smart
solutions across power generation, transmission & distribution, forest industry,
chemicals & biorefining, mining & metals, transportation and water. Pöyry's net
sales in 2016 were EUR 530 million. The company's shares are quoted on Nasdaq
Helsinki (POY1V). Approximately, Poyry has 5500 experts. 40 countries. 130
offices.

www.poyry.com




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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Bereitgestellt von Benutzer: hugin
Datum: 05.06.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 546187
Anzahl Zeichen: 3432

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