FORTUM CORPORATION PRESS RELEASE 4 DECEMBER 2013
Fortum’s Uimaharju combined heat and power plant ownership will be transferred
to Stora Enso on 31 December 2013. The arrangement is based on the agreement
signed in 1990 that transfers ownership of the power plant at the end of the
agreement term. According to the agreement, the transfer price paid by Stora
Enso is approximately EUR 16 million and the positive impact on Fortum’s
financial performance is marginal. No personnel will be transferred in
conjunction with the ownership arrangement.
The Uimaharju power plant is located in the Stora Enso Enocell pulp mill area
in Joensuu, Finland. The Uimaharju plant produces electricity and process steam
for the Enocell mill. The power plant comprises a 100 MW solid fuel bubbling
bed boiler and a 99 MW turbogenerator.
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 fulfill 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
Further information: www.fortum.com