Fortum strengthens its position as waste-to-energy plant operator in the UK

Press release

Fortum Service has signed an agreement on the operation and maintenance of a waste-to-energy plant in the UK. The waste-to-energy plant will be built near London Heathrow Airport, and it will process about 420,000 tons of waste annually. The plant will be ready in the summer of 2008.

The four-year agreement includes also the mobilisation of the operation, lasting for about one year in the start-up phase.

The plant owners are Lakeside Energy from Waste Limited. They will buy the plant as a turnkey delivery from a consortium formed by two Japanese companies, Itochu and Takuma.

The agreement strengthens Fortum's position as an operator and maintenance provider of waste-to-energy plants in the UK. Earlier in 2004 Fortum made an agreement on a slightly larger plant, Allington Waste Management Facility, which is in the commissioning phase at the moment.

“The decision was influenced by our international experience, the references in other parts of Great Britain and especially our experience in the operation and maintenance of power plants using waste fuels," says Kim Kronstedt, President, Fortum Service.

Fortum Corporation
Corporate Communications

For further information, please contact:

Kim Kronstedt, President, Fortum Service, tel. +358 50 452 9133
Esko Salosaari, Vice President, Fortum Service, International O&M, tel. +358 50 45 33050

About Us

Fortum’s purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, Fortum’s sales totalled EUR 6.1 billion and comparable operating profit was EUR 1.6 billion. We employ approximately 8,800 people. Fortum’s shares are traded on the NASDAQ OMX Helsinki.