Fortum to build second district cooling plant in Tartu for €5.3 million

AS Fortum Tartu opened the first district cooling plant in the Baltics in May 2016. (Margus Ansu/Postimees/Scanpix)
7/25/2016 10:34 AM
Source: BNS
Category: Business

Following closely on the heels of the opening of its first district cooling plant in Tartu in May, heat and energy firm Fortum has decided to build its second district cooling plant in the same city for 5.3 million euros, Estonian daily Eesti Päevaleht reported.

Built at a cost of 5.7 million euros, Fortum's district cooling plant, which opened in Tartu this spring, was the first of its kind to be built in the Baltic States.

The energy firm is also planning on building another district cooling plant in the Western Estonian regional capital of Pärnu, in which Fortum's Estonian subsidiary is based.

"In other Baltic countries, we are planning on building district cooling lpants in Jelgava and Klaipėda," Margo Külaots, chairman of the management board at Forum Tartu, told the newspaper. "In the future, it is possible that we will build plants in towns where Forum has no other business."

Current customers of Fortum's first district cooling plant in Tartu are the newly-opened Kvartal shopping center and and Hotel Lydia. The company is currently in talks with other bigger institutions in Tartu as well.

Fortum Tartu's consolidated revenue totaled 29.8 million euros in 2015.

Editor: Aili Sarapik

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