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Press release

Fortum sells its combined heat and power plant in Nokia, Finland

20 December 2013, 10:00 EET

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 business.

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.

Fortum Corporation
Corporate Communications

Additional information:
Jouni Haikarainen, Vice President, Fortum Heat Division, Finland, tel. +358 40 709 5690
 

Fortum
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 Helsinki.
 
Additional information: www.fortum.com