Construction of the facility will begin in the third quarter of 2011, with completion expected in the first quarter of 2013.
The company said that the new plant, when completed, will ensure 100% self-sufficiency for the mill in steam and electricity.
Stora Enso Wood Products executive vice president Hannu Kasurinen said this investment is a logical step in further upgrading the Zdirec mill with sustainable energy sourcing.
"The production and sale of renewable energy to local electricity suppliers will also improve the mill’s profitability," Kasurinen said.
