Fortum and STS Corporation joint venture for heat supply in Chelyabinsk, Russia

FORTUM CORPORATION ONLINE NEWS 5 July 2018

Fortum and STS Corporation have established a joint venture, JSC YUSTEK – Chelyabinsk, for the heat transportation and supply in Chelyabinsk, Russia. Fortum remains the owner of the CHP plant (Combined Heat and Power) and will sell heat to JSC YUSTEK – Chelyabinsk. The operations of JSC YUSTEK – Chelyabinsk are expected to start towards the end of 2018 and become fully operational no later than January 2019.

 
Fortum Corporation
Group Communications

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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. www.fortum.com

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