The Russian Ministry of Finance has approved two Kyoto joint implementation projects, a new unit at the Tyumen combined heat and power (CHP) plant, and the reconstruction of TGC-1's Newsky hydropower plant, that are initiated by Fortum.
The projects as defined in Kyoto protocol are expected to reduce emissions and Fortum will be able to use the related emission reduction units (ERUs) to cover own emissions in the EU’s emission trading scheme or sell them on the market.
The new CHP unit built by Fortum in Tyumen has a production capacity of 230MW of electricity and 270MW of heat.
Fortum’s Tyumen project is anticipated to reduce greenhouse gas emissions by a total of about a million tonnes of carbon dioxide over the period 2010-2012.