Fortum PAO, formerly Fortum OAO, is a Russia-based company, which is engaged in the generation, transmission and distribution of electric and thermal energy on the wholesale market. The Company's activities are divided into four divisions: Generation division includes power generation, physical optimization and trading activities in the Nordic countries; Solutions for cities include works in the field of heating and cooling systems, energy production by using waste and biomass; Solutions for consumers include sale of electricity, as well as Production and distribution of electricity and heating in Russia. It operates in Finland, Poland, Sweden, the Russian Federation, and Estonia, among others.
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