Fortum selected to become guaranteeing electricity supplier in Chelyabinsk together with Energy Sales Company Vostok
FORTUM CORPORATION INVESTOR NEWS 4 APRIL 2019 AT 16.30 EEST The Ministry of Energy of the Russian Federation has selected Fortum and Energy Sales Company Vostok's joint venture to become guaranteeing electricity retail supplier to 1.5 million electricity customers (annual sales approximately 13 terawatt hours) in the Chelyabinsk region as of 1 July 2019. The decision was made based on an auctioning process held in March 2019 and is still subject to the joint venture fulfilling the tender obligations. Following the financial difficulty of the previous guaranteeing supplier