Fortum continues Operation & Maintenance cooperation in hydropower with Maintpartner (part of Caverion) in Finland

Caverion Corporation Investor news 27 April 2020 at 12.00 p.m. noon EEST

Fortum continues Operation & Maintenance cooperation in hydropower with Maintpartner (part of Caverion) in Finland

Fortum extends its operation and maintenance partnership with Maintpartner (part of Caverion) for its thirteen hydropower plants by two years. Maintpartner has been providing the service since 2013. The value of the contract will not be disclosed.

Maintpartner is responsible for the local operation and maintenance of Fortum’s hydropower plants along the Oulujoki and Emäjoki rivers in the north, and in Imatra region in eastern Finland, as well as the engineering, implementation and commissioning assignments related to the renewal and maintenance projects at the plants. The continuous development of operations is based, among other things, on jointly developed roadmaps and on dynamic preventive maintenance.

“We are pleased to continue to develop our hydropower business together with Maintpartner / Caverion. The service concept related to hydropower plants is currently in a very interesting stage of development, and we expect the ongoing integration of the companies to clearly benefit also Fortum in the future,” says Markku Nivalainen, Fortum's Regional Director responsible for the Finnish hydropower plants.

 Fortum

“We are really pleased with Fortum's decision to continue working together. Solid foundation for cooperation has been laid already at Maintpartner. In Caverion’s reforming Industrial Solutions division, hydropower is one of the areas where both parties have an established, vast expertise and advanced capabilities to offer. The combination will become one of the strongest service providers in Finland, which was also an important selection criterion for Fortum,” says Elina Engman, Executive Vice President, Caverion's Industrial Solutions Division.

Fortum is a leading clean energy company that develops and provides solutions for customers in the areas of electricity, heat, cooling and resource efficiency.

In addition to hydropower, Maintpartner operates and maintains several of Fortum's district heating networks in Finland and Poland, as well as thermal power plants in Finland.

Industrial customers are one of Caverion's most important customer segments. Read more about our services for industrial customers.

Image: Fortum / Pyhäkoski hydropower plant, Oulujoki, Finland

Further information:

Elina Engman, Executive Vice President, Industrial Solutions, Caverion, elina.engman@caverion.com, tel. +358 50 351 4673

Lotta Kinnunen, Communications Manager, Maintpartner (part of Caverion), lotta.kinnunen@maintpartner.com, tel. +358 50 408 0583


With Caverion’s services and solutions, built environments become smart and sustainable. Customers can trust our expert guidance during the entire life cycle of their buildings, infrastructure or industrial sites and processes: from design & build to technical and industrial maintenance as well as facility management, including smart technologies and advisory services. Our customers are supported by over 16,000 professionals in 11 countries in Northern, Central and Eastern Europe. Our revenue in 2019 was approximately EUR 2.1 billion. Caverion’s shares are listed on Nasdaq Helsinki. Caverion - Building Performance www.caverion.com Twitter: @CaverionGroup

About Us

Caverion provides smart technical solutions and services for buildings, industrial processes and infrastructure. Our unique service offering covers the entire life cycle: design, build and maintenance. Our vision is to be the first choice in digitalising environments for customers, employees, partners and investors. Our revenue in 2018 was approximately EUR 2.2 billion. Caverion has about 15,000 employees in 10 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki. www.caverion.com Twitter: @CaverionGroup

Subscribe

Media

Media

Documents & Links

Quotes

Fortum continues Operation & Maintenance cooperation in hydropower with Maintpartner (part of Caverion) in Finland
Fortum extends its operation and maintenance partnership with Maintpartner (part of Caverion) for its thirteen hydropower plants