Fortum and Metsähallitus to develop a wind power project in the Kuolavaara-Keulakkopää area in Finnish Lapland

Fortum Corporation and Metsähallitus                                            
Press release                                                                   
11 September 2009                                                               
Fortum and Metsähallitus to develop a wind power project in the
Kuolavaara-Keulakkopää area in Finnish Lapland 

Fortum and Metsähallitus have jointly begun developing a wind power project in  
the Kuolavaara-Keulakkopää area, located in the Kittilä and Sodankylä           
municipalities in northern Finland. The area has been marked as a wind power    
area in the draft regional land use plan of Mountain Lapland and in the regional
land use plan of Northern Lapland.                                              

According to initial estimates, approximately 18 wind power stations of 2-3     
megawatts each can be built in Kuolavaara-Keulakkopää, producing between 100 and
120 GWh of electricity annually. The production would equal 40% of the total    
electricity consumption of the Kittilä and Sodankylä municipalities.            

During the autumn, the project's environmental impact assessment (EIA) will     
commence, wind measurements will be set in motion and technical pre-planning    
will continue. If the project proves to be feasible in further investigations   
and if the necessary permissions are granted, wind power production could start 
in Kuolavaara-Keulakkopää around 2013.                                          

Further information:                                                            

Jouni Tolonen, Area Manager, Wind Finland, Fortum, tel. +358 50 5942261,                                                   

Wind Power Manager Erkki Kunnari, Metsähallitus Laatumaa, tel. +358 40 8096840,                                                     

Fortum is a leading energy company focusing on the Nordic countries, Russia and 
the Baltic Rim area.  Activities cover the generation, distribution and sale of 
electricity and heat and the operation and maintenance of power plants. Fortum's
aim is to increase its wind power production in its operating area significantly
by 2025.                                                                        
Metsähallitus responds to the increasing need for renewable energy by developing
areas suitable for wind power production together with operators in the field.  
Metsähallitus also aims to participate in wind power production projects. and

About Us

Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki.