Maintpartner signs deal for Fortum hydropower plant operation

Fortum Logo

European energy producer Fortum and industrial operations service provider Maintpartner Finland have signed a three-year contract regarding Fortum's hydropower plants in the Oulujoki and Imatra regions.

Under the agreement, Fortum's local operation and maintenance personnel will transfer to Maintpartner as existing employees, effective Dec. 1, 2013.

Fortum said the number of employees transferring to Maintpartner from the Oulujoki and Imatra regions is 34 and 19, respectively, though Fortum will retain some of its own employees to focus on hydropower asset management, stakeholder relations and hydropower investment projects.

"Hydropower is a core business for Fortum," Vice-President of Renewable Energy Risto Andsten said. "We want to focus our own resources on planning and implementing maintenance and refurbishment investments targeting our plants. This is why we wanted a partner specializing in the daily maintenance of our plants."

HydroWorld.com reported in July that Fortum had filed a complaint with the European Commission over the Swedish government's taxes on hydroelectric power.

For more business and transaction news, visit here.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs