Fortum and Russian Energy Agency strengthen cooperation to improve energy efficiency and innovations

Fortum Corporation
Press release
10 December 2010

Fortum and Russian Energy Agency strengthen cooperation to improve energy
efficiency and innovations
 
Fortum Corporation and the Federal State Organization Russian Energy Agency have
today signed a Memorandum of Understanding in the field of energy efficiency and
innovations. According to the agreement, the parties will endeavor to strengthen
their cooperation in preparing and fulfilling joint projects in the areas of
combined power and heat generation, environmental development and promoting
energy efficient technologies.
 
"Our partnership with the Russian Energy Agency allows Fortum to be even more
successful in Russia in our projects in the area of energy efficiency and
sustainable development, key building blocks in our strategy,” says Anne
Brunila, Executive Vice President, Corporate Relations and Sustainability,
Fortum. “It is of utmost importance for us to cooperate with the Government of
the Russian Federation and the REA in this significant area," she concludes.
 
"Cooperation with Fortum gives the both of us an opportunity to join efforts in
a number of projects in the area of energy efficiency and innovations, and
enables us to gain access to the tremendous experience of our partners in these
fields," notes Timur Ivanov, General Director, the Federal State Organization
Russian Energy Agency.

 
Fortum Corporation
Corporate Communications


Further information:
Anne Brunila, Executive Vice President, Corporate Relations and Sustainability,
Fortum, tel. +358 40 0813952


About Fortum

Fortum's purpose is to create energy that improves life for present and future
generations. We provide sustainable solutions that fulfil the needs for low
emissions, resource efficiency and energy security, and deliver excellent value
to our shareholders. Our activities cover the generation, distribution and sale
of electricity and heat as well as related expert services.

Fortum's operations focus on the Nordic countries, Russia and Baltic Rim area.
In the future, the fast-growing, liberalizing Euro-Asian energy markets provide
additional growth opportunities. In 2009, Fortum's sales totalled EUR 5.4
billion and operating profit was EUR 1.8 billion. We employ approximately
11,000 people. Fortum's shares are quoted on NASDAQ OMX Helsinki.
Further information: www.fortum.com