Thursday, March 22, 2018

Fortum Utility to build power plants in Chelyabinsk

Fortum utility in Finland is looking to build two new power plants in Chelyabinsk in Russia's Urals region.

The plants were previously planned to be built in western Siberia, but the location has changed due to strong demand from the local metals industry, Reuters reports.

Fortum has plans to build eight new units in Russia to meet growing needs of the country's growing industry. The two new Chelyabinsk plants are part of this new plan.

Fortum's mission is to create energy that improves life for present and future generations. The company has a commitment to sustainable solutions that fulfil the needs for low emissions, resource-efficiency and energy security, while delivering excellent value to shareholders. Fortum's activities cover the generation, distribution and sales of electricity and heat as well as related expert service

Fortum operates in the Nordic countries, Russia, Poland and Baltic Rim area. They are also working to integrate European and fast-growing Asian energy markets. Fortum employs approximately 10,800 people and trades on NASDAQ OMX Helsinki, according to the company's website.