Power Division is responsible for power generation and sales in the Nordic electricity markets and for providing expert services to electricity and heat producers globally. In 2011, 93% of the production was carbon dioxide-free and 43% was based on renewable energy sources.
The Power Division’s production is strongly focused on hydropower and nuclear power. Its approximately 270 power plants in Finland and Sweden produced 48.1 terawatt-hours (TWh) (2010: 46.3) of electricity in 2011. The division is responsible for a significant part of Fortum’s financial result. Its good financial performance is based on strong know-how in the production and sales of electricity in competitive markets.
The long-term refurbishment programme will add 100 MW of hydropower by 2020
Fortum has 260 fully- or partly-owned hydropower plants in Sweden and Finland.The majority of the electricity is generated by 211 hydropower plants in central Sweden; the plants with the largest capacity are on the Ljusnan, Indalsälven and Dalälven rivers. A significant share of Fortum’s 50 hydropower plants in Finland is located on the Oulujokiand Kemijoki rivers and the waterways of Vuoksi. The Power Division’s investment programme includes a sizable, long-term hydropower plant refurbishment programme that aims to enhance the production, efficiency and safety of the hydropower plants. The investment programme will boost Fortum’s hydropower capacity by about 100 megawatts by 2020.