Energy Central Professional


Fortum boosts electricity generation 5% in 2021

Interfax Russia & CIS Business and Financial Newswire  


    CHELYABINSK. May 31 (Interfax) - PJSC Fortum boosted electricity generation by 5.4% in 2021 compared to the previous year to 30.434 billion kWh, according to company materials.

    Electricity supply to the grid (balance-flow) amounted to 28.441 billion kWh (5.7% growth).

    Supply of thermal energy from collectors increased by 4.1% to 14.7 million Gcal, supply of thermal energy to the network - by 4.3%, to 14.633 million Gcal.

    According to the company, the increase in electricity generation was "due to changes in energy consumption", while the change in heat output was "due to changes in the outside air temperature".

    The company recalled that it operates in the territories of the Tyumen, Chelyabinsk, and Ulyanovsk regions and the Khanty-Mansiysk Autonomous District (KMAD), which belong to the first price zone (Europe and Urals). According to statistical data, electricity consumption in the Urals increased by 4.5% in 2021. At the same time, in the Tyumen region, where the dominant industry is oil and gas, electricity consumption last year increased by 4.8%; in the Chelyabinsk region, where the metallurgical industry is dominant, consumption growth was 4%. The average electricity price on the day-ahead market in the first price zone (Europe and the Urals), excluding the capacity price, increased by 15% in 2021 - from 1,220 rubles to 1,405 rubles per MWh.

    Fortum's structure includes 7 thermal power plants located in the Urals and Western Siberia. The power company, including joint ventures, is also the largest player on the Russian renewable energy market, with a total project volume of about 3.4 GW.

    According to the list of affiliated entities, Fortum Finland controlled 98,23% of shares of Fortum Russia as of the beginning of 2022.

    It was reported that on May 12 the Finnish energy holding Fortum announced that it would cease business in Russia. "In addition to previously announced freezes on investments and financing of our Russian subsidiaries, we decided to make a controlled exit from the Russian market," the report cited CEO Markus Rauramo as saying. The preferred option includes the sale of Fortum's Russian assets.

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