Kemira Chemicals and Leppäkosken Sähkö to sell power plant ownership in FC Energia and FC Power to Adven
Kemira Chemicals and Leppäkosken Sähkö signed a contract on January 10, 2018 with Adven for the sale of the shares for FC Energia and FC Power. The deal is conditional and will be realized on a later date. The parties have agreed on not disclosing any financial details.
FC Energia, located in Äetsä, Finland, and FC Power, located in Joutseno, Finland, are energy production companies that have been co-owned by Kemira (34% of shares) and Leppäkosken Sähkö (66% of shares). The facilities, which mainly use hydrogen as their fuel, produce over 200 GWh of heat and electrical energy per year.
With the deal, the operations and maintenance of both facilities will be transferred over to Adven. In conjunction with the deal, Leppäkosken Lämpö sells its district heating networks and equipment in Sastamala, Pehula to Adven.
For Leppäkosken Sähkö, the deal is a long-term strategic measure. “We have been preparing this deal for over a year now, and it is great that we got a result that is satisfactory from the perspective of all parties", says Juha Koskinen, CEO of Leppäkosken Sähkö.
Kemira and Adven have also agreed on long-term co-operation for the supply of energy.
“Through this co-operation agreement, we ensure a competitive supply of energy for our production sites also in the future”, says Tommi Kankkunen, VP, Manufacturing, EMEA from Kemira.
“We are pleased that Kemira chose Adven as its energy partner. We believe in long-term co-operation and are ready to facilitate Kemira’s energy efficiency with the help of our versatile expertise”, says Ari Vanhanen, SVP, Country Manager, Adven Finland.
The transaction does not have any significant impact on Kemira's financial figures, and the arrangement does not affect the personnel of Kemira.
For more information:
Adven, Ari Vanhanen, SVP, Country Manager, Finland,
tel. +358 50 043 2830
Kemira Oyj, Tommi Kankkunen, VP, Manufacturing, Pulp & Paper, EMEA, tel. +358 50 464 0885
Leppäkosken Sähkö Oy, Juha Koskinen, CEO, tel. +358 44 750 3315
Kemira is a global chemicals company serving customers in water intensive industries. We provide expertise, application know-how and chemicals that improve our customers’ product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas and water treatment. In 2016, Kemira had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com
The Leppäkosken Sähkö Group is a versatile energy service company which provides electricity, district heat and natural gas services. The group consists of Leppäkosken Sähkö Oy and its fully-owned subsidiaries Leppäkosken Energia Oy, Leppäkosken Lämpö Oy and Grid.vc Oy. Key figures for 2016: Turnover 59.0 M€, Business profit 6.0 M€, Personnel: 71 employees, Investments: 9.3 M€. www.leppakoski.fi