Fortum sets up business and appoints Philippe Stohr as Country Manager in France
Espoo, Finland, 2011-12-12 09:00 CET (GLOBE NEWSWIRE) -- PRESS RELEASE, 12
December 2011
Fortum has appointed Mr. Philippe Stohr as Country Manager for Fortum France
SNC to develop the company’s activities in France. Prior to joining Fortum, Mr.
Stohr was Director of Strategy and Development for Dalkia in Germany.
Establishing a country organisation to France is an important step in Fortum's
ambition to participate in developing the French renewable energy in the
long-term. Fortum France SNC is focusing on two areas of renewable energy: the
forthcoming participation in the renewal of French hydropower concessions and
the development of wave energy through the recently signed cooperation
agreement with French DCNS.
In line with its strategy, Fortum will participate in the tendering process for
hydropower concession renewals in France as announced at the end of 2010.
Fortum considers the renewal of the concessions an opportunity for increasing
its share of hydropower in the heart of the European electricity markets.
Today, Fortum owns and operates some 260 hydropower plants with the total
capacity of 4,700 MW in the Nordic countries. In 2010, almost 90% of Fortum’s
power production in Europe was CO2-free and more than 40% based on renewable
energy sources.
"We are excited to have the opportunity to bring our experience and competence
in France and to develop local cooperation in the French renewable energy
business", says Mr. Matti Ruotsala, Executive Vice President of Fortum, when
announcing the new French country organisation and the appointment of Mr.
Philippe Stohr. "Fortum aims to play a significant part in the next generation
renewable energy system, and Fortum France will lead our efforts to develop
French power business in the long-term."
Fortum Corporation
Corporate Communications
Further information:
Matti Ruotsala, Executive Vice President, Power Division, Fortum, tel. +358 40
048 7052
Philippe Stohr, Country Manager, Fortum France, tel. +33 1 70 92 37 01
Fortum
Fortum's purpose is to create energy that improves life for present and future
generations. We provide sustainable solutions that fulfil the needs for low
emissions, resource efficiency and energy security, and deliver excellent value
to our shareholders. Our activities cover the generation, distribution and
sales of electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia, Poland and Baltic
Rim area. In the future, the integrating European and fast-growing Asian energy
markets provide additional growth opportunities. In 2010, Fortum’s sales
totalled EUR 6.3 billion and comparable operating profit was EUR 1.8 billion.
We employ approximately 10,500 people. Fortum’s shares are quoted on NASDAQ OMX
Helsinki.
Further information: www.fortum.com