OAO Fortum. How the Finnish corporation Fortum develops the Russian energy sector Money earned in Russia stays in Russia

Company formation: in early December 2006, Territorial Generating Company No. 10 was founded as a division of RAO UES of Russia. In 2009, after the transfer of RAO "UES of Russia" under the control of the Finnish energy concern Fortum, TGC-10 was transformed into OJSC "Fortum".

Field of activity: energy (production and sale of heat energy, electricity generation).

Full title: open Joint-Stock Company Fortum.

The main office is located in Chelyabinsk. Of the eight thermal power plants that are part of the company, five are located in the Chelyabinsk region and three more - in the Tyumen region. Produced electricity goes to market wholesale WECM. Sales of thermal energy on local markets are provided by a subsidiary of OAO Ural Heat Network Company. The majority of the company's fuel portfolio is gas. The capacity utilization factor is the highest among the generating companies of the Russian division of the Fortum concern.

JSC "Fortum" in persons

General Director of Fortum OJSC (since October 2009) - Alexander Chuvaev.

Contact Information

Russian Federation, Chelyabinsk, Brodokalmaksky tract, 6
Phone: +7 351 259-64-91/259-64-79
Fax: + 7 351 259-64-09

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Year of foundation 2008

Installed electrical power 4.92 GW

Installed heat output 10.2 thousand Gcal/h

Power generation 26.3 thousand GWh

Heat generation 17.3 million Gcal

Stations 2 GRES, 6 CHP, 1 WPP, 3 SPP

basic information

PJSC "Fortum" is one of the leading manufacturers and suppliers of thermal and electrical energy in the Urals and Western Siberia.

The Fortum structure includes eight thermal power plants. Five of them are in the Chelyabinsk region, three in the Tyumen region, including Nyaganskaya GRES (Nyagan, Khanty-Mansi Autonomous Okrug-Yugra) - one of the largest and most modern thermal power plants in Russia.

Fortum is also developing renewable energy sources in Russia. The company has completed investment project for the construction of the first industrial wind power plant with a capacity of 35 MW in the Ulyanovsk region.

In January 2018, the WPP began its work on wholesale market electricity and power.

At the end of 2017, the company announced the acquisition of three solar power plants with a total capacity of 35 MW. Pleshanovskaya (10 MW) and Grachevskaya (10 MW) SPPs are located in Orenburg region, Bugulchanskaya SES (15 MW) is located in the Republic of Bashkortostan.

The total capacity of Fortum generating facilities in terms of electricity as of February 1, 2019 is 4,928 MW. The total capacity of the company's power plants in terms of thermal energy is 8437 MW.

In the business structure of Fortum Corporation, the Russia division includes PJSC Fortum and the participation of Fortum Corporation in PJSC TGC-1 (29.5%).

Short story

The history of PJSC Fortum reflects the stages of reforming the Russian electric power industry. OAO TGK-10 (the former name of the company) was one of fourteen territorial generating companies spun off from RAO UES of Russia.​

In March 2008, the Finnish energy corporation Fortum, which is the third largest foreign investor in the Russian power industry, became a strategic partner and owner of TGC-10.

April 2009 State registration changes made to founding documents OAO TGC-10. In accordance with them, OAO TGC-10 was renamed into OAO Fortum.

On October 21, 2010 JSC Fortum was one of the first Russian energy companies to use the right to sign the Capacity Supply Agreement (CDA). The company confirmed its commitment to the government to build and commission 2,360 MW of new capacity in the Tyumen and Chelyabinsk regions in 2011-2014.

February 1, 2011 Power unit No. 2 of the CCGT of Tyumen CHPP-1 was put into commercial operation with an electric capacity of 190 MW, and a thermal capacity of 220 Gcal/h.

June 7, 2011 Power unit No. 3 of CCGT at Chelyabinsk CHPP-3 was put into commercial operation with an electric capacity of 216.3 MW, and a thermal capacity of 122 Gcal/h.

October 3, 2011 The adventure turbine K-110 was put into commercial operation at the Tobolsk CHPP with an electric capacity of 213 MW.