Annual Report 2013 | Suomeksi |

Strategy realisation in 2013


Build on the strong Nordic core

  • Assessing the future alternatives of the electricity distribution business and decision to sell the distribution business in Finland
  • Securing profitability and cash flow through optimised electricity trading and production with high availability
  • Continuing ongoing hydropower refurbishments in Finland and Sweden
  • Outsourcing hydro power operation and maintenance in Finland
  • Renewing the co-ownership agreement on Fortum Värme with the City of Stockholm
  • Starting construction of a new bio-CHP plant in Stockholm, Sweden
  • Inaugurating new waste-to-energy CHP plants in Brista, Sweden, and Klaipeda, Lithuania
  • Inaugurating new bio-CHP plants in Jelgava, Latvia, and Järvenpää, Finland
  • Extending the district heating network in Tartu, Estonia, through an acquisition
  • Enhancing the safety of Fortum's Loviisa nuclear power plant with new air-cooling towers
  • Deciding to discontinue electricity production at the Inkoo coal-fired power plant in Finland in 2014
  • Continuing good progress with the efficiency programme and divesting several minority shareholdings and small units throughout the Nordic countries

Create solid earnings growth in Russia

  • Focus on completing the investment programme
  • Commissioning the Nyagan 1 and Nyagan 2 power plant units in Russia

Build a platform for future growth

  • Launching solar power production in India through an acquisition of a solar power plant
  • Taking into use an integrated bio-oil plant at Joensuu CHP, Finland, and signing a supply contract for bio-oil with a local energy company
  • Signing a collaboration agreement to provide nuclear expertise in the UK
  • Preparing for the hydro power concessions tender process in France
  • Participating in an industry-wide 1.5 MW wave power development initiative in Bretagne, France



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