Poyry to build biofuel-fired CHP plants for Fortum in Finland, Latvia
Jul 14, 2011 - Finnish engineering consultant Poyry Oyj (HEL:POY1V) said on Tuesday it had won a deal to build a biofuel-fired combined heat and power (CHP) plant for Finnish energy firm Fortum (HEL:FUM1V) in each Finland and Latvia.
Poyry did not disclose the terms of the engineering, procurement and construction (EPC) services contracts with Fortum.
The CHP plant in Finland will produce 280 GWh of heat and some 130 GWh of electricity a year, while the Latvia-based plant will generate 230 GWh of heat and 110 GWh of electricity, Fortum said in a statement in June.
The CHP plants will replace the use of natural gas or fuel oil at the existing plants.
The two projects are slated for commissioning in 2013, Poyry added.