Fortum Group in Russia

This page provides the latest information on Fortum Group’s operations in Russia.

Nyagan 6362

Fortum is closely monitoring the developments caused by Russia’s attack on Ukraine, which has increased the geopolitical tensions, uncertainties and risks in the operating environment. The company is complying with all applicable laws and regulations, including sanctions, and preparing for various scenarios.

Topical

As announced on 21 September 2022, Fortum has agreed to fully divest Uniper to the German State. Read more about the agreement: Fortum and Uniper page. 

As announced in early March, Fortum has stopped all new investment projects in Russia and is not providing any new financing to its Russian subsidiaries. Likewise, Uniper will also not make any new investments in Russia. On 12 May 2022, we announced that we are preparing a controlled exit from the Russian market, with potential divestments of its Russian operations as the preferred path. We have already made decisions to replace Russian fuels in our other operating countries.

Read more about Fortum's response to the war in Ukraine.

Fortum Group in Russia

Fortum has over sixty years of experience operating in Russia. Our current business there, as in our other main markets, is providing security of supply, and our customers depend on us for power and heat. We have also built over 1 GW of wind and solar power in Russia, together with our JV partners.

Fortum’s subsidiary Uniper also has power plants in Russia: Uniper’s Russian subsidiary Unipro has five thermal power plants with a total capacity of 11.3 GW. The plants are located in Central Russia, the Urals and Western Siberia. As announced on 21 September 2022, Fortum has agreed to fully divest Uniper to the German State. Read more about the agreement: Fortum and Uniper page. 

Together with the subsidiary Uniper, Fortum’s 12 power plants currently employ some 7,000 people. These plants are owned by our Russian subsidiaries; they are run by Russian management and operate only in Russia. They are mainly powered by Russian natural gas. After this year, only one of the plants will be powered by coal.

In 2021, the Russian operations accounted for approximately 20% of Fortum Group's total comparable operating profit.

Fortum Russia division's power plants in Russia: Fortum's Russia division has seven thermal power plants in the Ural region and Western Siberia. They have a total power generation capacity of 4.7 gigawatts (GW) and heat production capacity of 7.6 GW. Six of the plants produce both electricity and heat for the market, while one plant produces only electricity.

Wind and solar power: Fortum’s investments in Russia in recent years have focused on renewable energy. We currently have a portfolio of 3.4 GW of wind and solar plants together with our partners. Over 1 GW is currently in operation, the rest is under construction or development.

Gas imports to Europe

Fortum's subsidiary Uniper is among the largest importers of natural gas and plays an essential role in providing security of supply, especially in Germany. As announced on 21 September 2022, Fortum has agreed to fully divest Uniper to the German State. Read more about the agreement: Fortum and Uniper page

Fuel purchases from Russia (updated on 10 August 2022)

Due to the war in Ukraine, we are looking for alternatives to fuel sourced from Russia.

In Finland, we do not buy fossil fuels, pellets or biomass from Russia for our power plants in Espoo and Meri-Pori.

For our Loviisa nuclear power plant in Finland, we currently procure fuel from the Russian fuel company TVEL. The current contract is valid until the end of our current operating licenses, i.e. until 2027 and 2030. The power plant has plenty of fuel in storage, even for a couple of years. On 3 March 2022, we announced the decision to apply for new operating licences for the Loviisa power plant until 2050. A new tendering process for nuclear fuel will be initiated simultaneously.

In Germany, Uniper has announced that it will not enter into new long-term supply contracts for natural gas with Russia. Uniper is increasing LNG imports to Europe and has re-started the LNG terminal project in Wilhelmshaven. Uniper is also looking for alternatives to Russian coal as imports of Russian coal will be stopped in line with the EU and UK sanctions and embargos. 

As announced on 21 September 2022, Fortum has agreed to fully divest Uniper to the German State. Read more about the agreement: Fortum and Uniper page

Fortum’s Russia division will discontinue the use of coal by the end of 2022

In July 2021, Fortum signed an agreement to sell its Argayash coal-fired combined heat and power plant (CHP) to AO JSC Rusatom Smart Utilities (JSC RSU). The sale, together with the transition to gas at the Chelyabinsk CHP-2, will allow the Russia division to discontinue its use of coal by the end of 2022 and reduce annual CO2 emissions by approximately 2 million tonnes.

Computer monitors in power plant control room

Facts and figures

  • Fortum’s power generation capacity in Russia is 4.7 GW and heat production capacity is 7.6 GW
  • In 2021, Fortum produced 28.6 TWh of electricity and 17.1 TWh of heat
  • Unipro’s power generation capacity is 11.3 GW and in 2021 power generation totalled 43.2 TWh
  • Altogether 2.7 GW of the total 13.2 GW still receive higher capacity payments under the CSA scheme
Energy production

Our power plants

Get to know our hydro, wind, solar, nuclear and CHP power plants.