The reliable delivery of energy is a priority for Fortum. When developing the distribution network, we take into consideration customer needs and long-term, sustainable community planning.
Fortum owns and operates regional and local electricity networks and supplies electricity to about 1.6 million customers in Finland, Sweden and Norway. The total length of the company's electricity network is approximately 160,000 km, which is four times the circumference of the earth. In 2013, 42.4 TWh electricity was transmitted in Fortum's networks.
In December, Fortum announced that it has sold its electricity distribution business in Finland to Suomi Power Networks Oy, which is owned by a consortium of Finnish pension funds Keva and LocalTapiola Pension together with international infrastructure investors First State Investments and Borealis Infrastructure.
Fortum expects to complete the divestment process during the first quarter of 2014, subject to the necessary regulatory approvals as well as customary closing conditions. Fortum is also evaluating the possible future divestment opportunities within the electricity distribution business country by country.