Fortum to sell coal-fired plant to Rosatom
2021-07-09 14:24:46 [Print]
Finnish Fortum said on July 8 it would sell its Argayash coal-fired heat and power plant to JSC Rusatom Smart Utilities. The plant being sold has a heat production capacity of 824 MW and power generation capacity of 256 MW, out of the 4,928 MW Fortum has in Russia.
"For Fortum, the sale of the plant is an important step in optimising our asset portfolio as part of Fortum's strategy, which targets carbon neutrality by 2050. This step will allow the Russia Division to discontinue its use of coal by the end of 2022 and reduce annual CO2 emissions by approximately 2 million tonnes", the company said.
"For Fortum, the sale of the plant is an important step in optimising our asset portfolio as part of Fortum's strategy, which targets carbon neutrality by 2050. This step will allow the Russia Division to discontinue its use of coal by the end of 2022 and reduce annual CO2 emissions by approximately 2 million tonnes", the company said.
