Fortum Oyj is a Finnish public listed energy company, which focus on Nordic and Baltic countries, Poland and the north-west of Russia. The head of the company is Mikael Lilius, President and CEO. Fortum operations cover the generation, distribution and sale of electricity and heat. Also it operates and maintenances power plants as well as does other energy-related services. The main products of the company are electricity, heat and steam. History Fortum Oyj was created in 1998 by merger of the electricity company Imatran Voima Oy (IVO - founded in 1921) and the oil company Neste Oyj. In 2005, the oil business was separated again from Fortum and it was transferred to re-established Neste Oil company. Majority of Fortum's shares (51.1%) is owned by Finnish Government. The market capitalization of company is around ?19 billion. Operations In Norway Fortum has bought several power c

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