Espoo, Finland, 2013-12-30 12:00 CET (GLOBE NEWSWIRE) -- PRESS RELEASE 30 December 2013
Fortum sells its Kauttua combined heat and power plant in Eura, South-Western Finland to the Finnish energy company Adven Oy. The transaction is part of Fortum’s efficiency programme launched in October 2012. Fortum is focusing on CHP-production at larger centres and units.
The sale has a minor impact on Fortum’s financial performance and it will be booked in Fortum's Heat Division’s fourth-quarter 2013 results. The parties have agreed not to disclose the sales price.
The Kauttua CHP-plant generates electricity for the national grid, district heat for Adven's network in the Eura region and process steam for industrial consumers in the region. The plant's production capacity is 14 megawatts (MW) electricity, 10 MW district heat and 31 MW process steam. The plant is fuelled mainly by a variety of wood, paper and plastic-based recycled trade and industry fuels suitable for energy use. Altogether 18 people will transfer with the business to Adven.
Adven supplies energy via its 162 customised plants and 46 district heating networks in Finland and Estonia.
Jouni Haikarainen, Vice President, Fortum Heat Division, Finland, tel. +358 40 709 5690
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