Fortum invests in new waste-to-energy power plant in Lithuania

Fortum Corporation
Press release
23 February 2010


Fortum invests in new waste-to-energy power plant in Lithuania

Fortum is building a new combined heat and power plant in Klaipeda, Lithuania.
The value of the investment is around EUR 140 million. Purchasing of main
equipment has been now agreed and the power plant will be completed for
production by January 2013.

The new power plant will use municipal and industrial wastes and biomass as
fuels. The production capacity will be approximately 50 megawatts (MW) heat and
20 MW electricity. The district heating will be sold to Klaipedos Energija and
the electricity will be sold to the national grid.

Heat production of the plant will replace production in old natural gas fired
heating plants of Klaipedos Energija. The transfer to combined heat and power
generation will considerably increase energy efficiency compared with the
separate generation of heat. In addition, the CO2 emissions of the heat
production in the area will reduce significantly.

The plant is the first waste-to-energy plant in the Baltic countries and will be
an essential element in waste management of the Klaipeda region significantly
reducing the need to deposit wastes in the landfill.

"The investment is an important part of our strategy to grow in combined heat
and power production and a further step in our growth in the Baltic Rim area.
Fortum is one of the leading companies in environmentally benign and highly
efficient combined heat and power production and is the leading company in
Nordic countries in waste-to-energy production. We are pleased to be able to
utilize all this expertise now in Lithuania", says Jaakko Vähä-Piikkiö, Vice
President, Baltic Region in Fortum.

Fortum Corporate
Corporate Communications

Further information:
Jaakko Vähä-Piikkiö, Vice President, Baltic Region, Fortum, Heat Division, tel.
+358 50 453 2009