Fortum Oyj Stock Exchange Release 10 November 2006
Competition Authority's terms for Fortum's E.ON Finland acquisition now
Fortum divests its Haapavesi power plant
Fortum sells its 154 MW peat-fired power plant in Haapavesi, Finland, to
Kanteleen Voima Oy, which is owned by a group of regional energy companies. The
divestment is one of the conditions set by the Finnish Competition Authority for
the realisation of Fortum's E.ON Finland (now Fortum Espoo Oy) acquisition. The
goal is to turn over the power plant to its new owner in the beginning of
December. The employees of the power plant are offered a continuation of their
employment at Kanteleen Voima.
Fortum has previously already fulfilled the other conditions set by the
- Fortum has sold its combined heat and power plant in Hämeenlinna.
- Fortum has sold the equivalent of 1 TWh/a of constant generation capacity
in the Finnish area. The delivery of the capacity begun on 1 November 2006
and will continue until 31 March 2011.
- Fortum has signed a lease contract over its 308 MW share of the Meri-Pori
power plant. The lease will begin on 1 January 2007 and end on 30 June
Fortum will report on the fulfillment of the terms to the Competition
Senior Vice President, Corporate Communications
Mauri Hattunen, Vice President, Mergers and Acquisitions, tel. +358 50 45
Helsinki Stock Exchange