Fortum

HELSINKI, 8-6-2015 — /EuropaWire/ — OAO Fortum and Skolkovo Foundation have signed a cooperation agreement on establishing a R&D centre for advanced energy technologies. The R&D cooperation targets to improve the efficiency and reliability of heat grids and enhance energy … Read the full press release →

HELSINKI, 8-6-2015 — /EuropaWire/ — Fortum has today completed the divestment of its Swedish electricity distribution business, which was announced on 13 March 2015. The transaction has all the necessary regulatory approvals and the customary closing conditions have been met. The total consideration … Read the full press release →

HELSINKI, 7-4-2015 — /EuropaWire/ — Pekka Lundmark, M.Sc. (Eng.), 51, has been appointed President and CEO of Fortum Corporation. He will start at Fortum in the beginning of September 2015, and will transfer from Konecranes Plc, where he has been President and CEO … Read the full press release →

HELSINKI, 12-2-2015 — /EuropaWire/ — The shareholders of Fortum Corporation are invited to the Annual General Meeting to be held on Tuesday, 31 March 2015, starting at 14:00 EET at the main auditorium of Finlandia Hall, address Mannerheimintie 13 e, Helsinki, Finland (entrance … Read the full press release →

Düsseldorf, 5-11-2014 — /EuropaWire/ — E.ON has today agreed to sell its 20 percent shareholding in the Finnish natural gas company Gasum Oy to the Finnish State. Gasum Oy is engaged in the import, distribution and sale of natural gas … Read the full press release →

Additional investment further supports the competitiveness of the Grangemouth site as INEOS begins construction of its new £300 million ethane terminal.  Rolle, Switzerland, 7-10-2014 — /EuropaWire/ — INEOS Industries Holdings Ltd has agreed to acquire the Combined Heat and Power … Read the full press release →

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum has signed an agreement with Rolls-Royce about the modernisation of automation at its Loviisa nuclear power plant in Finland. The parties have agreed not to disclose the value of the agreement. The modernisation will be carried … Read the full press release →

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum and Areva-Siemens Consortium have agreed on discontinuation of the current automation modernisation project agreement. Areva-Siemens Consortium will complete the ongoing agreed and resized work in cooperation with Fortum. Fortum is convinced that a new solution to continue the … Read the full press release →

Hayle, UK, 28-2-2014 — /EuropaWire/ — Finnish multi-national utilities firm Fortum has signed an agreement to secure a berth at Wave Hub, the offshore renewable energy test facility in Cornwall, it was announced today. The leasing agreement gives Fortum the opportunity to … Read the full press release →

Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum is carrying out extensive refurbishment of two of the Imatra hydropower plant’s seven units. The refurbishment will increase the capacity of the power plant to 192 megawatts and will improve safety and reliability. After … Read the full press release →

Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum has signed a leasing agreement with the UK-based Wave Hub in order to test wave power solutions off the coast of Cornwall. The agreement provides Fortum with a new opportunity to rapidly deploy advanced, full-scale wave power converters … Read the full press release →

Bremen, Germany, 17-1-2014 — /EuropaWire/ — wpd europe GmbH buys the wind farm project Tohkoja, situated on Finland’s west coast, from Finnish energy provider Fortum. wpd is planning the project with up to 26 wind turbines and an overall capacity of up … Read the full press release →

Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has agreed to sell its electricity distribution business in Finland to Suomi Power Networks Oy, which is owned by a consortium of Finnish pension funds Keva (12.5%) and LocalTapiola Pension (7.5%) together with international … Read the full press release →

Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has completed the assessment of the future alternatives of its electricity distribution business that was launched in January 2013. After thorough consideration, the company has concluded that divesting the electricity distribution business is the best solution … Read the full press release →

05-9-2013 — /EuropaWire/ — Rolls-Royce has been awarded a nuclear engineering services contract by Rosatom, the Russian state-owned nuclear company. In a separate agreement, Rolls-Royceannounced that it will collaborate with Rosatom and Finnish nuclear utility company Fortum on an initial project to assess the … Read the full press release →

28-8-2013 — /EuropaWire/ — Maintpartner Finland and Fortum have signed a three-year operation and maintenance agreement regarding Fortum’s hydropower plants in the Oulujoki and Imatra regions. Under the agreement, the local operation and maintenance personnel of Fortum’s hydropower plants will transfer to … Read the full press release →

28-8-2013 — /EuropaWire/ — Fortum has decided to discontinue electricity production at its Inkoo coal-fired power plant in Finland. Production operations will end in February 2014, after which the company will mothball three units. As a consequence of the decision to cease production, Fortum will … Read the full press release →

28-8-2013 — /EuropaWire/ — Fortum and Maintpartner have signed a three-year operation and maintenance agreement regarding Fortum’s hydropower plants in the Oulujoki and Imatra regions of Finland. Under the agreement, the local operation and maintenance personnel of Fortum’s hydropower plants will transfer … Read the full press release →

4-7-2013 — /europawire.eu/ — Fortum commends today’s voting result in the European Parliament whereby the amendment of the emissions trading directive regarding backloading was adopted with votes 346-308. The voting result means a temporary withdrawal of 900 million allowances from the market in 2013-2015. … Read the full press release →

Oslo, 3-7-2013 — /europawire.eu/ — Infratek ASA (“Infratek” or the “Company”) has been notified that funds advised by Triton (“Triton”) have entered into a transaction agreement with the Company’s two largest shareholders, Hafslund ASA and Fortum Nordic AB, holding 27,652,360 and 21,074,864 … Read the full press release →