be confused with fortnum & mason . this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . august 2015 learn how and when to remove this template message fortum oyj type public oyj traded as nasdaq helsinki fum1v industry electricity predecessor imatran voima ivo founded 1998 headquarters espoo finland area served nordic and baltic countries poland russia key people sari baldauf chairman pekka lundmark president and ceo products electric power heat revenue 6.056 billion 2013 1 operating income 1.712 billion 2013 1 profit 1.204 billion 2013 1 total assets 24.420 billion end 2013 1 total equity 10.662 billion end 2013 1 number of employees 9 900 end 2013 1 website www.fortum.com fortum oyj is a finnish energy company focusing on the nordic and baltic countries poland and russia . fortum operates power plants including co generation plants and generates and sells electricity heat and steam . in addition it has stakes in gas companies gasum in finland and eesti gaas in estonia . the company also provides other energy related services and products . fortum is listed on the nasdaq omx helsinki stock exchange and shares the number one position in the carbon disclosure project s cdp nordic climate index . 2 contents 1 history 2 operations 2.1 hydroelectric power 2.2 nuclear power 2.3 combined production of heat and electric power cogeneration or chp 2.4 electricity and heat sales 2.5 solar power 3 environment 4 corporate social responsibilities 4.1 india 5 references 6 external links history edit imatrankoski hydroelectric power plant . the predecessor of fortum was imatran voima which was founded in 1932 to operate the imatrankoski hydroelectric power plant in imatra . imatran voima acquired and built a number of other power plants such as the largest hydroelectric power plants along the oulujoki river inkoo and naantali coal fired powerplants and the loviisa nuclear power plant . fortum corporation was founded in 1998 . 3 it was created from the merging of imatran voima and neste oy the finnish national oil company . most of neste s assets were divested into a separate stock listed company neste oil in 2005 . in 2007 fortum acquired 25.66 % stake in tgk 1 operating in northwest russia . 4 in 2008 fortum privatized the power and heat generation company tgk 10 now oao fortum operating in central and northern russia . 5 in 2011 fortum sold its 25 % stake in the finnish transmission system operator fingrid . 6 in december 2013 fortum announced the sale of its distribution network in finland to suomi power networks . 7 suomi power networks is owned by first state investments 40 % borealis infrastructure 40 % keva 12 5 % and l hitapiola 7 5 % . 8 in the same year it sold its norwegian electricity distribution network and also its stakes in fredrikstad energi and fredrikstad energi nett to the hafslund group and heat business to icon infrastructure partners ii l.p. fund . 9 operations edit hydroelectric power edit headquarters of fortum corporation in espoo keilaniemi finland hydro power has always been a core activity to fortum and is the company s most significant renewable electricity production form . fortum currently owns or co owns 159 hydro power plants in finland and sweden totalling about 4 600 mw of production capacity . hydro power amounts to 48 % of the power produced by fortum in nordic countries and 1 3 of the total power produced by fortum each year . 10 the power plants with the largest capacity are located on the dal lven indals lven and ljusnan rivers in central sweden and on the oulujoki kemijoki and vuoksi rivers in finland . fortum meets the iso 14001 norm for preservation of the environment and the ohsas 18001 norm for health and safety . the hydro power fleet has benefitted from a stable investment policy in its ongoing hydro power investment program fortum has invested about 270 million euros for the modernization of almost 50 hydro power production sites since the early 1990s . nuclear power edit fortum has been producing nuclear power since 1977 . the company owns the nuclear plant in loviisa finland which covers around 10 % of the country s energy production . its nuclear assets also cover sweden with a 45.5 % share ownership in the oskarshamn nuclear power plant and 22 % of forsmark nuclear power plant . furthermore fortum owns a 26.6 % stake in the teollisuuden voima which operates two nuclear power plants at olkiluoto and is currently building a third one in co operation with areva siemens consortium . fortum does not own nuclear power in russia . fortum signed an agreement with rosatom and british rolls royce engines 2 which is not the same company as rolls royce motor cars the wholly owned english subsidiary of german automaker bmw to develop nuclear power in september 2013 . 11 the company also offers nuclear safety and waste management services as well as system supplies for the nuclear power industry . fortum is also participating in the world s largest decontamination operation of radioactive liquids at the fukushima disaster cleanup . 12 combined production of heat and electric power cogeneration or chp edit fortum produces and sells heat in nordic countries and baltic countries russia and poland with 26 plants combining production of heat district heating and electric power . fortum is the 5th largest heat producer globally . in 2013 fortum opened two new chp utilities using waste as a fuel in klaipeda lithuania 13 and brista sweden 14 as well as new biomass fuelled chp plants in jelgava latvia 15 and j rvenp finland . 16 electricity and heat sales edit fortum sells electricity electricity products and services to 1.2 million customers in sweden finland and norway . in 2013 the company sold a total of 12.1 terawatt hours of electricity . 17 the company also owns and operates about 1 200 km of district heat network in finland 2 400 km in sweden 860 km in poland 300 km in the baltic countries and 480 km in russia . heat is being sold in eight countries to companies municipalities and private customers . solar power edit in june 2013 fortum acquired a 5 mw solar power plant in the state of rajasthan in india . 18 the company has stated that its ambition is to build a small photo voltaic solar portfolio to gain experience in different solar technologies and in operating in the indian power market . 19 fortum also sells solar power kits in the nordic countries . recently fortum has expanded its solar portfolio in india with a 10 mw solar plant in madhya pradesh . incidentally the project is the first greenfield solar plant from fortum and also the first one to be commissioned under the jawaharlal nehru national solar mission jnnsm phase ii initiative . the 10mw solar power plant spreads over about 70 acres in kapeli dist . ujjain . fortum has adopted a thin film cdte technology with more than 1 25 000 modules mounted on fixed tilt structures and 15 central invertors which allows for better control of carbon footprint water use and energy payback time . this solar plant is second investment in indian solar sector by fortum . environment edit fortum has the biggest market share of ecolabeled electricity in finland . 20 with three hydropower plants seven biomass plants and four wind parks the company has also more ekoenergy certified power stations than any other company in finland . 21 according to fortum s own publications it is also the largest seller of bra milj val certified energy in sweden . 22 corporate social responsibilities edit india edit on february 2014 finnish energy company fortum has equipped three schools from bhilwara consists of over 1200 students with solar powered infrastructure with an objective to meet the schools power needs in an efficient and sustainable way . the announcement was made at fortum s bhilwara solar plant in the presence of former president of finland ms tarja halonen . schools government secondary school badala hurda bhilwara standard up to 10th number of students 300 government girls senior secondary school gulabpura bhilwala standard 6th to 12th number of students 400 shishu sadan secondary school gulabpura bhilwala standard up to 10th number of students 450 amidst the heat wave in rajasthan where mercury goes beyond 45 degree celsius it is a normal phenomenon to see a drop in attendance and sometimes it goes below 50 % . fortum s effort has brought relief to the lives of these 1200 students . today they can study in a friendly atmosphere and without any interruption . during the summers of 2014 these schools have observed a significant improvement with approximately 95 % attendance every day . this initiative was a part of fortum s corporate social responsibility and its contribution to the development and well being of the local society . this initiative has also inherited the sense of energy utilisation among these young citizens and made them understand the values that solar energy can bring into the society . references edit a b c d e f financials 2013 pdf . fortum . retrieved 17 march 2014 . cdp nordic 260 climate change report 2012 pdf . carbon disclosure project . retrieved 2014 03 18 . our history . fortum . 2014 02 21 . retrieved 2014 03 07 . russia seen blocking fortum from tgk 1 control . reuters . 2007 02 16 . retrieved 2014 08 29 . humber yuriy 2008 02 28 . fortum buys russia utility tgk 10 may pay 3 billion . bloomberg . retrieved 2014 08 29 . rosendahl jussi 2011 01 26 . utilities fortum pvo to sell stakes in fingrid . reuters . retrieved 2014 08 29 . fortum myy s hk verkot 2 55 miljardilla . 12.12.2013 yle viitattu 21.12.2013 finnish http www.fortum.com fi media pages fortum myy suomen sahkonsiirtoliiketoimintansa suomi power networks oylle 255 miljardin euron.aspx finnish fortum oyj sells norwegian electricity distribution to hafslund asa and heat businesses to icon infrastructure partners ii l.p. fund . reuters . 2014 04 09 . retrieved 2014 08 29 . fortum annual report 2013 . fortum oyj annual report 2013 . 2014 02 19 . retrieved 2014 05 09 . fortum inks nuclear wind power deals with uk firms yle 5.9.2013 fortum s know how is used to purify radioactive liquids in fukushima fortum press release 15.3.2012 fortum openes combined heat and power plant in klaipeda lithuania . climate action . 2013 05 17 . retrieved 2014 05 13 . fortum opens new waste to energy chp plant in stockholm sweden . oil & gas observer . 2013 12 06 . retrieved 2014 05 13 . fortum starts up biomass plant . the baltic times . 2013 09 19 . retrieved 2014 05 13 . fortum s biofuel fired chp plant inaugurated in j rvenp . fortum corporation . 2013 06 14 . retrieved 2014 05 13 . electricity and heat sales . fortum corporation . 2014 02 19 . retrieved 2014 05 13 . fortum buys india solar plant plans more investment . bloomberg . 2013 06 11 . retrieved 2014 04 17 . fortum launches solar power production in india by acquiring a 5 mw photo voltaic solar power plant . fortum oyj . 2013 06 11 . retrieved 2014 04 17 . ekoenergy the european ecolabel for electricity . ekoenergia.fi . 2014 02 03 . retrieved 2014 03 07 . ekoenergy the european ecolabel for electricity . ekoenergia.fi . 2014 02 03 . retrieved 2014 03 07 . 1 dead link external links edit official website v t e omx helsinki 25 companies of finland cargotec elisa fortum kemira kesko kone konecranes metso neste nokia nokian