Fortum sells Finnish CHP power plant

Fortum sells its Kauttua combined heat and power plant in Eura, South-Western Finland to the Finnish energy company Adven Oy. The parties have agreed not to disclose the sales price.

The transaction is part of Fortum’s efficiency program launched in October 2012. Fortum is focusing on CHP-production at larger centers 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 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 power plant's production capacity is 14 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 customized plants and 46 district heating networks in Finland and Estonia.

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