EXHIBIT I-1
STORA ENSO ENERGY ASSETS
CAPACITY IN 1999
OPERATION GENERATION
ASSETS OWNED BY STORA ENSO OYJ
Huruskoski hydroelectric plant 4.8 MW 28 GWh
(Finland)
Imatra Mill (Finland) 154 MW 694 GWh
Heinola Mill (Finland) 37 MW 121 GWh
ASSETS RELATED TO OWNERSHIP OF PVO D SHARES (assets of PVO to be transferred to
Stora Enso subsidiaries)
Veitsiluoto mill (Finland) 147 MW 622 GWh
Oulu mill (Finland) 125 MW 550 GWh
Kemijarvi mill (Finland) 24 MW 178 GWh
ASSETS OWNED BY SUBSIDIARIES:
STORA ENSO PUBLICATION PAPER OY LTD
Anjalankoski mill (Finland) 79 MW 389 GWh
Varkaus mill (Finland) 85 MW 286 GWh
Summa mill (Finland) 48 MW 101 GWh
STORA ENSO TIMBER OY
Honkalahti mill (Finland) 4 MW 13 GWh
LAMINATING PAPERS OY
Kotka mill (Finland) 15 MW<F1> 0 GWh
STORA ENSO PULP AB
Skutskar mill (Sweden) 46 MW 259 GWh
Norrsundet mill (Sweden) 25 MW 160 GWh
ASSETS OWNED BY SUBSIDIARIES (CONT.):
STORA ENSO HYLTE AB
Hylte mill (Sweden) 28 MW 127 GWh
STORA ENSO KVARNSVEDEN AB
Kvarnsveden mill (Sweden) 15 MW<F2> 47 GWh
STORA ENSO PAPERBOARD AB
Gruvon mill (Sweden) 37 MW 186 GWh
Skoghall mill (Sweden) 73 MW 142 GWh
STORA ENSO FORS AB
[FN]
<F1> Back-up. Not normally in operation.
<F2> In addition, an old 30 MW turbine has not been in use since the early
1960s.
</FN>
<PAGE>
Fors mill (Sweden) 10 MW 37 GWh
STORA ENSO GRYCKSBO AB
Grycksbo mill (Sweden) 4.2 MW 7 GWh
STORA ENSO NYMOLLA AB
Nymolla mill (Sweden) 34 MW 207 GWh
CELULOSE BEIRA INDUSTRIAL (CELBI) S.A.
Celbi mill (Portugal) 50 MW 167 GWh
STORA ENSO CORBEHM S.A.
Corbehm mill (France) 88.7 MW 290 GWh
STORA ENSO UETERSEN GMBH
Uetersen Mill (Germany) 12 MW 8 GWh
STORA ENSO MAXAU GMBH & CO. KG
Maxau mill (Germany) 75.6 MW 397 GWh
STORA ENSO SACHSEN GMBH
Sachsen mill (Germany) 42 MW 310 GWh
STORA ENSO PORT HAWKESBURY LTD.
Port Hawkesbury mill (Canada) 27.2 MW 72 GWh
STORA ENSO SUZHOU PAPER CO. LTD.
Suzhou mill (China) 6 MW 14.47 GWh
ASSETS OWNED BY JOINT VENTURES:
WKC GRIFT CV<F3>
Berghuizer mill (Netherlands) 73 MW 560 GWh
ASSETS OWNED BY JOINT VENTURES (CONT.):
COGENERATION PLANT S.L.<F4>
Barcelona mill (Spain) 42 MW 407 GWh
ASSETS OWNED BY THIRD PARTIES:
INDUSTREIKRAFTWERK BAINFURT<F5>
Baienfurt mill (Germany) 39.4 MW 251 GWh
[FN]
<F3> Joint venture owned 50% by Berghuizer Papier Fabriek NV, a subsidiary of
Stora Enso Oyj, and 50% by Nuon N.V.
<F4> Joint venture owned 91% by Stora Enso Barcelona S.A., a subsidiary of Stora
Enso Oyj, and 9% by Deutsche Bank.
<F5> In 1999, Stora Enso Baienfurt GmbH, a subsidiary of Stora Enso Oyj, sold
all of the energy production assets to Industreikraftwerk Bainfurt ("IKB"),
which is owned 50% by EnBW Energie-Vertriebsgesellschaft mbH ("EnbW"), a local
grid company, and 50% by VEW Energie. Complete responsibility for management of
the assets belongs to IKB. Stora Enso Baienfurt GmbH has an option to repurchase
the assets after 15 years.
</FN>
2
<PAGE>
ENERGIE-VERTRIEBSGESELLSCHAFT MBH
Wolfshek mill (Germany)<F6> 2 MW 15 GWh
ABB KREDIT OY
Kotka mill (Finland)<F7> 71 MW 473 GWh
Anjalankoski mill (Finland)<F8> 72 MW<F9> --
PVO Shares to be divested 346.6 MW<F10> Depends on
(Stora Enso share) market
conditions
--------
[FN]
<F6> Operated by Stora Enso Maxau GmbH & Co. KG.
<F7> Sale and leaseback transaction between Stora Enso Oyj and ABB Kredit Oy.
The facility is managed by Stora Enso Publication Paper Oy and Laminating Papers
Oy, subsidiaries of Stora Enso Oyj.
<F8> Sale and leaseback transaction between Stora Enso Publication Paper Oy and
ABB Kredit Oy.
<F9> Under construction.
<F10> Excluding entitlements to the power output of the assets to which Stora
Enso is entitled pursuant to its ownership of the PVO Series D shares described
above.
</FN>
