Eastern European Markets

August the 15th, 2012

Fortum focuses on completing its investment programme in Russia

The news in certain media about Fortum's investments in a solar power plant in Russia is unfounded. In Russia, Fortum's priority is to complete its ongoing investment programme.

Fortum is continuously researching future opportunities related to solar economy according to its strategy.

About Fortum:

Fortum's purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Our activities cover the generation, distribution and sales of electricity and heat as well as related expert services.

Fortum's operations focus on the Nordic countries, Russia, Poland and the Baltics. In the future, the integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2011, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.8 billion. We employ approximately 10,800 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.

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