New Delhi, March 2014: Finnish energy company Fortum has appointed Mr Sanjay Aggarwal as Managing Director in India. Based in Fortum's office in Gurgaon, Mr Aggarwal will be responsible for developing Fortum's Business in India with a particular focus on combined heat and power, as well as solar energy production. He will report to, Mr Markus Rauramo, Executive Vice President, Heat, Electricity Sales and Solutions division, Fortum.

"India is a fast growing market with substantial energy needs to power the growth of its industry. We in Fortum have a long track record in providing sustainable solutions in combined heat and power production, which we would like to offer to industrial customers in India. We are also making our first steps in solar energy production, where India offers unique opportunities due to its geographical location as well as government policies targeted at increasing solar energy share in the Indian energy mix. With Sanjay's strong background in the energy sector and understanding of the Indian market, we hope to be able to address the local needs even better. We believe that our focus on sustainability is particularly important for the local communities in India as we use local fuels, lower CO2 emission and provide safe jobs, all of which will be among Sanjay's priorities," said Markus Rauramo, while welcoming Mr Aggarwal on board.

"I'm very happy to join Fortum as this gives me a unique opportunity to leverage and take forward Fortum expertise and experience in offering sustainable and responsible energy solutions. These solutions and initiatives will add long term value to India's Energy ecosystem, improve energy efficiencies at industries and will establish Fortum as the "Next Generation Energy Company" in India," added Sanjay Aggarwal on joining Fortum's team in India.

Mr Aggarwal has a strong background in the energy sector. Having graduated from the Delhi College of Engineering, he has gained his experience working for TATA Power, Finnish Wartsila, Swedish ABB and Thermax India.

Fortum's purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of customers, the company generates, distributes and sells electricity and heat, and offers related expert services.

Ms Deepkamal Kaur, Communications Manager, Fortum India Pvt Ltd. Email: Deepkamal.kaur@fortum.com