Shortly before coming under the management of Rosimushchestvo , Fortum acquired 50% in JSC "USTEK" and JSC "USTEK-Chelyabinsk". Such data are contained in the company's financial statements under RAS for 2022. The transaction took place in February 2023, the final settlement – in March 2023. Note that USTEK belonged to SUEK before the sale.
A year earlier, in March 2022, Fortum bought a one percent stake in FNG 4 LLC, bringing its stake to 50%. The purchase price of 1% amounted to 491 million rubles. In total, the company invested 16 billion rubles in FNG 4. In the report, these investments are explained by the need for long-term operational ownership of facilities operating on the basis of renewable energy sources, including a 115.6 MW solar power plant in the Republic of Kalmykia, the first stage of which, with a capacity of 78 MW, was commissioned in November 2021. The second stage with an installed capacity of 37.6 MW has started supplying electricity and capacity to the wholesale electricity and capacity market (OREM) July 1, 2022.
In addition, on January 10, 2022, Fortum PJSC acquired a 50% stake in the Wind Energy Development Fund Investment Partnership and Wind Energy Management Company LLC, becoming the sole owner of both companies. So, Fortum bought out a 50% stake in the Wind Power Management Company LLC at the Rusnano Management Company. The volume of investments in this company is reflected in the balance sheet in the amount of 2.96 billion rubles.
LLC "UK "Vetroenergetika" manages the Investment Partnership "Wind Energy Development Fund", which owns 11 wind farms. The Investment Partnership "Wind Energy Development Fund" includes existing electricity generation projects with a total capacity of 529.2 MW, and projects with a capacity of about 726.6 MW that have not yet been put into operation. In the reporting, the contribution to the fund in 2022 increased by 22 billion rubles and reached a total of 35 billion rubles.
In accordance with the Presidential Decree "On the Temporary Management of Certain Assets" in April 2023, Uniper assets were transferred to external management. Rosimushchestvo has been appointed their temporary manager.
Recall that on April 25, 2023, the President of the Russian Federation Vladimir Putin signed a decree according to which the share of Fortum owned by the Finnish Fortum Corporation was transferred to the temporary management of the Federal Property Management Agency.
"External management is introduced point-by-point in relation to generating assets that are of paramount importance for the stable functioning of the Russian energy sector. Such an approach makes it possible to ensure the smooth operation of companies that are important for the national economy and to eliminate the risks of the influence of the political position of a number of unfriendly countries that can have a negative impact on the economic and energy security of the Russian Federation," the agency said in a statement.
In accordance with the requirement of the Federal Property Management Agency dated April 25, the Board of Directors decided to re-elect the CEO. Vyacheslav Kozhevnikov became it.
PJSC Fortum (formerly TGC-10, TIN 7203162698) is a manufacturer and supplier of thermal and electric energy in the Urals and Western Siberia. The company is controlled by the Finnish Government.
