Fortum wins the right to build a 250 MW solar power plant in India
FORTUM CORPORATION INVESTOR NEWS 21 DECEMBER 2018 AT 15.00 EET Today Fortum won the right from Gujarat Urja Vikas Nigam Ltd. to build a 250 megawatt (MW) solar power plant in Raghanesda solar park in District Banaskhata, Gujarat, India. Commissioning of the plant is expected in the fourth quarter of 2020. The capital expenditure is estimated to be approximately EUR 135 million and the solar park will be entitled to a fixed tariff of 2.89 INR/kWh for 25 years. Based on its strategy, Fortum will continue to build on its long-standing expertise to grow in CO2-free power generation. In