Pöyry awarded consulting services assignment for Renova's wind power investments, Brazil

PÖYRY PLC   Press Release 4 December 2014 at 1 pm (EET)

Pöyry awarded consulting services assignment for Renova's wind power investments, Brazil

Renova Energia has awarded Pöyry with the consulting services assignment to establish a Project Management Office function for their wind power investments in Brazil. The assignment includes the design of general project management processes based on market best practice and Pöyry's expertise in implementing large projects, enabling consistent and high quality project delivery.

The basis for developing the project management processes will be Renova Energia's Alto Sertão III project. Totalling 738 MW of installed capacity, Alto Sertão III will be located in the Caetité region, Bahia State, in the Northeast of Brazil.

"This assignment reaffirms Pöyry's core value of excellence in project management meaning successful projects and satisfied clients", says Marcelo Handro Cordaro, President of Pöyry's Regional Operations in Latin America.

The value of the order is not disclosed. The order will be recognised within the Regional Operations Business Line order stock in Q4/2014.

Further information by:

Marcelo H. Cordaro
President, Regional Operations Latin America
Tel. +55 11 3472 7398

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).