Fortum sells its Kauttua CHP biomass power plant in Eura, Finland, to Finnish energy company Adven; plant fueled mainly by wood, paper and plastic-based recycled trade and industry fuels, has capacity of 14 MWe, 10 MW district heat, 31 MW process steam

Allison Oesterle

Allison Oesterle

Jan 2, 2014 – Fortum

FORTUM, Finland , December 30, 2013 (press release) – 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.


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

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.