HPP advised Pato Osakeyhtiö on the transfer of its hydropower business and the subsequent long-term lease of hydropower assets and real estate from Pato Osakeyhtiö to KSS Energia OY. On the basis of the lease agreement KSS Energia will take over the production of electricity in the environmentally friendly hydro-electric power plant, as well as production planning and optimization, operation and maintenance of the hydro-electric power plant. Pato Osakeyhtiö produces electricity in hydro power plants in Southern-Eastern Finland at Myllykoski in Kouvola and at Vuolenkoski in Iitti. The hydro power plants transferred to KSS Energia produce up to 70 % of the electricity used within the Kouvola region.
Our assignment consisted of structuring the deal and negotiating the transaction documents with all relevant parties.
Pato Osakeyhtiö was advised by partner Vesa Silaskivi, senior associate Timo Ukkonen and associate Yanhuan Zhou.