Press release

Fortum invests in new waste-to-energy power plant in Lithuania

23 February 2010, 12:15 EET

Fortum Corporation Press release 23 February 2010

Fortum invests in new waste-to-energy power plant in Lithuania                  

Fortum is building a new combined heat and power plant in Klaipeda, Lithuania.  
The value of the investment is around EUR 140 million. Purchasing of main       
equipment has been now agreed and the power plant will be completed for         
production by January 2013.     
                                                
The new power plant will use municipal and industrial wastes and biomass as     
fuels. The production capacity will be approximately 50 megawatts (MW) heat and 
20 MW electricity. The district heating will be sold to Klaipedos Energija and  
the electricity will be sold to the national grid. 
                             
Heat production of the plant will replace production in old natural gas fired   
heating plants of Klaipedos Energija. The transfer to combined heat and power   
generation will considerably increase energy efficiency compared with the       
separate generation of heat. In addition, the CO2 emissions of the heat         
production in the area will reduce significantly.   
                            
The plant is the first waste-to-energy plant in the Baltic countries and will be
an essential element in waste management of the Klaipeda region significantly   
reducing the need to deposit wastes in the landfill.  
                          
"The  investment is an important part of our strategy to grow in combined heat  
and power production and a further step in our growth in the Baltic Rim area.   
Fortum is one of the leading companies in environmentally benign and highly     
efficient combined heat and power production and is the leading company in      
Nordic countries in waste-to-energy production. We are pleased to be able to    
utilize all this expertise now in Lithuania", says Jaakko Vähä-Piikkiö, Vice    
President, Baltic Region in Fortum.   
                                          
Fortum Corporate                                                                
Corporate Communications   
                                                     
Further information:                                                            
Jaakko Vähä-Piikkiö, Vice President, Baltic Region, Fortum, Heat Division, 
tel.+358 50 453 2009