Turning waste into comfort heating in the city of Klaipeda A Heat Action for 2030 and beyond, Brussels 27.06.2013 Monika Kuusela More than 130,000 shareholders • • • • Power and heat company in the Nordic countries, Russia, Poland and the Baltics Listed at the Helsinki Stock Exchange since 1998 Among the most traded shares on the NASDAQ OMX Helsinki stock exchange Market cap ~13 billion euros Households 11.4% Financial and insurance institutions 3.3% Other Finnish investors 10.3% Finnish State 50.8% 30 April 2013 2 Foreign investors 24.2% Our geographical presence today Nr 3 Power generation Nr 1 Heat Nr 1 Distribution Nr 2 Electricity sales Key figures 2012 Nordic countries Power generation Heat sales Distribution customers Electricity customers 51.6 TWh 14.5 TWh 1.6 million 1.2 million Russia OAO Fortum Power generation 19.2 TWh Heat sales 26.4 TWh Great Britain TGC-1 (~25%) Power generation Heat sales Power generation 1.1 TWh Heat sales 1.8 TWh 3 Sales EUR 6.2 bn Operating profit EUR 1.9 bn Balance sheet EUR 25 bn Personnel 10,400 Poland Baltic countries Power generation 0.8 TWh Heat sales 4.3 TWh Power generation Heat sales 0.4 TWh 0.9 TWh ~7 TWh ~8 TWh Fortum in Lithuania Fortum Klaipėda • Established in.......................2007 • Investments…...........435 million litas Fortum Švenčionių energija • Established in….................2001 • Investments…..........17,3 million litas Fortum Joniškio energija • Established in….....................2000 • Investments…............13,4 million litas Fortum Ekošiluma • Established in…............... 2003 • Investments…..........3,5 million litas Klaipeda WtE project overview Technical details Klaipeda • 20 MWe / 50 MWth + 15 MWth from flue gas condenser • Live steam parameters 30 kg/s / 400 °C / 47 bar • Firing capacity 34 t/h (9 MJ/kg), 230.000 t/a • Production – 120 GWh electricity – 380 GWh heat Key milestones • Environmental Impact Assessment June 2009 • Start of construction at the site 1.3.2011 • First firing by natural gas 30.11.2012 • First firing by waste 17.1.2013 • First synchronization with the grid 26.2.2013 • Inauguration 15.5.2013 Facts • The plant will burn up to 230 thousand tons of municipal and industrial waste and biofuel (wood chips) • The latest technologies used in the plant ensure the best method of waste incineration • All heat produced is transmitted to the Klaipėda city district heating system, while electricity is supplied to common electricity network • The new Klaipėda plant, where waste will be used as fuel, is the first object of such type in the Baltic countries • The company employs 35 professionals 6 Benefits for Klaipėda region • Reduces dependence on imported fuels (natural gas) when supplying heat to Klaipeda city, whereas 40% of heat from total needed for the city will be produced in this CHP plant. • More stable heat tariff • Reduced expenses for construction of new waste dumps and management of the existing ones since the amount of waste reduces by 4 to 5 times as a result of waste burning process • Reduced impact on the formation of the greenhouse gas effect since the gas originating from waste dumps (shale gas) has a much greater impact on the increase of the greenhouse effect than CO2 gas Opening ceremony with the Presidents of two countries: Lithuania and Finland How to gain public acceptance – Thank you! the Klaipeda Waste to Energy plant EHP Congress, May 27 – 28 2013, Vienna Kristian Rehnström How to gain public acceptance – the Klaipeda Waste to Energy plant Monika Kuusela Manager, Regulatory Affairs +358 40 822 7054 [email protected] EHP Congress, May 27 – 28 2013, Vienna Kristian Rehnström