PRESS RELEASE 20 December 2013
Fortum sells its combined heat and power (CHP) plant as well as its natural gas
and district heating network in the town of Nokia to the Finnish energy company
Leppäkosken Sähkö. The transaction is part of Fortum’s efficiency programme
launched in October 2012. Fortum is focusing on CHP-production at larger
centres and units.
Fortum expects to finalise the divestment by the end of December 2013 and for
it to have a minor impact on Fortum's Heat Division’s fourth-quarter 2013
results. The parties have agreed not to disclose the sales price.
The Nokia CHP-plant generates electricity for the national grid, district heat
for close to 800 Nokia households and process steam for industrial consumers in
the region. The power plant is fuelled by natural gas. In addition to the Nokia
CHP-plant and the natural gas and district heating networks, Fortum sells five
heat-only boilers. The power plant's capacity is 72 megawatts electricity and
180 megawatts heat. The sale of steam, district heat and natural gas total
approximately 400 gigawatt-hours per year. One employee will transfer with the
Leppäkosken Sähkö Group is an all-round player in the energy sector in the
Pirkanmaa region of Finland. Established in 1919, the group comprises
Leppäkosken Sähkö Oy and its fully-owned subsidiaries Leppäkosken Energia Oy
and Leppäkosken Lämpö Oy. The group also includes subsidiaries FC Energia Oy
and FC Power Oy.
Jouni Haikarainen, Vice President, Fortum Heat Division, Finland, tel. +358 40
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
sales of electricity and heat as well as related expert services.
Fortum’s operations focus on the Nordic countries, Russia, Poland and the
Baltics. In the future, the integrating European and fast-growing Asian energy
markets provide additional growth opportunities. In 2012, Fortum’s sales
totalled EUR 6.2 billion and comparable operating profit was EUR 1.7 billion.
We employ approximately 10,400 people. Fortum’s shares are quoted on NASDAQ OMX
Additional information: www.fortum.com