Rosatom Signs With Finland

By The Moscow Times

Nov. 28, 2010

HELSINKI — Fortum and Russian nuclear agency Rosatom have signed a cooperation agreement for international nuclear markets, the Finnish energy company said Friday.

Fortum spokeswoman Anne Brunila said the companies planned to apply “their nuclear competencies in future nuclear power projects,” although she said they have no concrete projects yet.

Fortum, half-owned by the Finnish government, is a leading power company in the Nordic region, with operations in Russia, Poland and the Baltic states. Earlier this year became the second-largest owner of Russian utility TGC-1, with a 25 percent stake.

Rosatom has built Fortum’s two 500-megawatt reactors situated in Loviisa, on Finland’s southern coast.

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