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Fortum Keilaniemi

The Finnish Fortum energy company, owning thermal generation facilities in Russia, can be engaged in a massive construction of wind farms. According to Kommersant, the Company, through a joint fund with Rosnano, can build in Russia up to 1.4 GW; the projects’ payback will be provided due to increased payments from the wholesale energy market. According to analysts’ estimates, if these plans are implemented by Fortum and Rosnano, their investments in the wind can reach $ 3.24 billion.

20 April 2017
Kommersant

The Finnish energy company Fortum invited the government of the Tyumen Region to build waste recycling plants in the region, as the Region’s Governor Vladimir Yakushev told.

“The Fortum Company has an offer. The waste recycling plants of the company are operating in Sweden and Finland; we got acquainted with their technology. There are at least two Russian investors to join this project. In general, the business community has a rather positive attitude towards this topic; they are ready to invest; we can see here a good economic performance”, the Tyumen Region’s Head told us.

11 April 2017
http://expertnw.ru

According to the regional authorities, the Government of the Ulyanovsk region has agreed to increase the capacity of the wind park created in the region from planned 35 MW to 600 MW.

As reported at the end of November last year, Rosnano and Finland’s Fortum are planning to create a park of wind-generating facilities in the Ulyanovsk region, with investments of about 65 million euros. This wind park is designed for 35 MW capacities.

01 March 2017
RIA Novosti

An agreement on establishment of a wind farm in the Ulyanovsk Region will be signed by the regional authorities, Rusnano and foreign investors. The investments volume will amount to RUB 50 bln at the first stage of the project. This was announced at the Open Innovations forum in Skolkovo, Sergey Morozov, Governor of the Ulyanovsk Region, said.

27 October 2016
TASS

Fortum, a Finnish concern, put into operation the second power generating unit of Chelyabinsk state regional power plant, Russia. Certified electric power of the unit is 247.5 MW, heat power is 174 MW.

01 March 2016
TASS

Fortum is planning to invest €65m in a wind farm to be built in the Ulyanovsk region in 2017. An agreement to this effect was signed today in Moscow, according to the Ulyanovsk Region Development Corporation.

“Our total investment in this project will be €65m. The construction is to begin in 2016 and finish in 2017,” the corporation’s spokesman said.

22 December 2015
ITAR-TASS
Investor
70.7 mln

Investor profile

Fortum Keilaniemi

Finland

Company's website: www.fortum.com

T: +358 10 4511

Public company

E-mail: investors@fortum.com

Contact: PEKKA LUNDMARK, President and CEO

The Fortum Corporation specializes in producing efficient electric and thermal energy without carbon dioxide emissions. The company also offers related products and expert services in the field of energy to private industrial enterprises and power generating companies. The key regions of Fortum’s presence are the countries of Northern Europe and the Baltic States, Russia and Poland. In 2014, the Corporation's sales amounted to 4.1 billion euros (without taking into account the sold electric grid business), the comparable operating profit, 1.1 bln euros. The company employs about 8 400 people. Fortum shares are listed on NASDAQ stock exchange in Helsinki. The corporate headquarters are located in Espoo, Finland./p>

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