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VKG sells Kohtla-Järve and Jõhvi district heating network to Finnish firm

By District Energy posted 11-30-2022 09:54

  

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Summary

Viru Keemia Group has sold its subsidiary VKG Soojus, which provides district heating to the Kohtla-Järve and Jõhvi districts, to the Finnish company Gren, formerly known as Fortum, the newspaper Põhjarannik reported.

The deal gives Gren a 164-kilometre-long district heating network that provides heat to residents, companies and organizations in the Kohtla-Järve, Ahtme, Sompa and Jõhvi districts, the newspaper reported.

In 2011, Gren also acquired a peak-load standby boiler completed in 2011 in Ahtme. The plant uses gas to generate heat but rarely needs to be activated.

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