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December 14, 2006

Fortum invests in new power plant in Poland

Fortum is building a new combined heat and power plant in Cz´stochowa, Poland. The value of the investment is around EUR 95 million. The power plant is planned to be completed for production by the end of 2009.

The new power plant will use coal and biomass as fuels. The amount of biofuel can go up to 30 % of the whole fuel mix. The production capacity will be approximately 120 megawatts (MW) heat and 64 MW electricity.

The employment effect during construction will be 200 man-years. The plant will replace aging boilers and heat purchases from outside. The transfer to combined heat and power generation will considerably increase energy efficiency compared with the separate generation of heat.

Fortum Cz´stochowa S.A. will be responsible for the new plant operation. The company is one of the four Fortum heat companies in Poland.

"The investment is an important step in our growth in Poland. Fortum is one of the leading companies in combined heat and power production, and we want to utilize this expertise in Poland", says Risto Riekko, President of Fortum’s Heat business unit.

”When we acquired Fortum Cz´stochowa, we also committed to investing in the further development of the energy generation in the city. We are pleased to be able to make this investment, which will not only benefit the environment but also the heat consumers", says Zdzislaw Olejczyk, President of Fortum Heat Polska.

Further information:
Risto Riekko, President, Fortum Heat, tel. +358 50 453 4485
Zdzislaw Olejczyk, President, Fortum Heat Polska, tel. +48 71 34 05 505
Bartosz Krzemieniewski, Power Plant Investment, Fortum Heat Polska, tel. +48 606 120 514

www.fortum.com


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