Fortum settles with contractor on Nyagan power plant in Russia
FORTUM CORPORATION STOCK EXCHANGE RELEASE, 01 NOVEMBER 2013 AT 08.00 EETFortum and its project contractor E4 Group have reached a final settlement regarding claims and other matters in Fortum's Nyagan power plant construction project on 31 October 2013. Outstanding receivables and payables resulting from the relationship will be offset. As a result, Fortum will book a positive effect of RUB 1.7 billion (approximately EUR 38 million) in its Russia Division's comparable operating profit in the last quarter of 2013. The gas-fired thermal power plant, which is under construction in Nyagan,