PRESS RELEASE 30 December 2013
Fortum sells its Kauttua combined heat and power plant in Eura, South-Western
Finland to the Finnish energy company Adven Oy. The transaction is part of
Fortum’s efficiency programme launched in October 2012. Fortum is focusing on
CHP-production at larger centres and units.
The sale has a minor impact on Fortum’s financial performance and it will be
booked in Fortum's Heat Division’s fourth-quarter 2013 results. The parties
have agreed not to disclose the sales price.
The Kauttua CHP-plant generates electricity for the national grid, district
heat for Adven's network in the Eura region and process steam for industrial
consumers in the region. The plant's production capacity is 14 megawatts (MW)
electricity, 10 MW district heat and 31 MW process steam. The plant is fuelled
mainly by a variety of wood, paper and plastic-based recycled trade and
industry fuels suitable for energy use. Altogether 18 people will transfer with
the business to Adven.
Adven supplies energy via its 162 customised plants and 46 district heating
networks in Finland and Estonia.
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