FORTUM CORPORATION ONLINE RELEASE 4.5.2021
For the third year in a row, the Market Council ranked Fortum’s Russia Division the most efficient generating company in Russia.
The Market Council is a non-profit partnership that supervises the wholesale electricity market in Russia. In its annual rating “Results of generating equipment operation in the wholesale market in 2020”, published last week, Fortum’s Russia division ranked number one as the most efficient generating company.
The rating methodology recognised Fortum’s consistency in its capacity supply obligations and the high efficiency of its generation fleet. Fortum’s portfolio in 2020 included Nyagan GRES and Chelyabinsk CHP-4, the most advanced and efficient thermal power plants in the South Urals and West Siberia areas.
“Fortum’s focus on production efficiency and delivery reliability to customers helped it maintain its leadership among the Russian generating companies. Despite the restrictions caused by the Covid-19 pandemic and the overall decline in power demand in 2020, Fortum’s power plants demonstrated a high capacity factor, which reached 67% as at year-end, with the industry average being 41%,” says Alexander Chuvaev, Executive Vice President of Fortum Corporation, Russia Division and General Director of PAO Fortum.
Fortum News Desk, +358 40 198 2843, email@example.com
Fortum is a European energy company with activities in more than 40 countries. We provide our customers with electricity, gas, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. Together with our subsidiary Uniper, we are the third-largest producer of CO2-free electricity in Europe. With approximately 19,000 professionals and a combined balance sheet of approximately EUR 69 billion, we have the scale, competence and resources to grow and to drive the energy transition forward. Fortum’s share is listed on Nasdaq Helsinki and Uniper’s share on the Frankfurt Stock Exchange.