PÖYRY PLC Press Release 3 October 2016 at 10.00 (EEST)
Generadora Fénix has awarded Pöyry with the pre-feasibility study assignment related to a future hydropower development in Mexico. The assignment includes geology, topography and hydrology studies; regulatory framework, identification of main project components, risk identification, preliminary constructive procedures, project schedule and project economic / financial analysis.
Mexico has set ambitious goals for the share of variable renewable energy sources in its generation portfolio. This rising share is accompanied by a growing need for flexible resources to mitigate the variability of wind and solar generation. Pumped storage hydropower plants can play the role of a generator or load as required by the operator and can make a significant contribution to system flexibility and hence to the stability of power supply.
The future hydropower project in Mexico can make a huge contribution in achieving the goal set by Mexico of having 35% of energy production from clean sources by 2025.
"We are delighted to support Fénix in Mexico. Delivering clean, renewable energy, projects like this can aid economic growth and social progress and help alleviate poverty in developing countries. This project further strengthens Pöyry's position as one of the world's leading hydropower engineering consultancies" says Markku Oksanen, Pöyry's Head of Hydropower.
The value of the order is not disclosed. The order will be recognised within the Energy Business Group order stock in Q3/2016.
Contact
Ricardo A. Murillo Acosta
Director General, Energy Business Group, Mexico
Pöyry
Tel. +52 55 5514 3949
Markku Oksanen
Vice-President, Hydropower, Energy Business Group
Pöyry
Tel +358 10 3326735
Did you know? Pöyry is involved in hydropower projects with a total installed capacity of over 100 GW worldwide.
http://www.poyry.com/hydro (http://www.poyry.com/hydro)
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).
www.poyry.com (http://www.poyry.com)
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
