Fennovoima at Energy 2014

The Fennovoima nuclear power plant was represented at the fair in Tampere. New experts from various fields have started to work in Fennovoima during the past few months. There are over 140 people working in Fennovoima at the moment.

10968921262?profile=originalFinland's third nuclear power company Fennovoima was founded in 2007. Fennovoima will build its Hanhikivi 1 nuclear power plant in Northern Finland.

Fennovoima proceeds to political decision-making. Fennovoima has today submitted to the Ministry of Employment and the Economy a clarification concerning the current ownership situation of the main Finnish owner Voimaosakeyhtiö SF.

Voimaosakeyhtiö SF owns 66 % of Fennovoima. Reserved at the moment is 54,72 %. The increase of about 1 % compared to the figure presented yesterday is due to Vantaa Energia’s decision that was made this morning to increase its share by a little less than 1 %.

Voimaosakeyhtiö SF’s negotiations with new potential owners continue. The target is to keep the ownership in Fennovoima in the current 66 %. Fennovoima’s other main owner with a 34 % minority share is Rosatom’s Finnish subsidiary RAOS Voima.

The Ministry of Employment and the Economy has announced yesterday that it proposes for the Government to approve the supplement for Fennovoima’s Decision-in-Principle on September 18th, with the condition that the Finnish ownership must be at least 60 % at the time of the submittal of the construction licence application. Fennovoima applies for the construction licence by summer 2015.

Fennovoima project proceeds towards the construction phase in accordance with the schedule. Today, the start of the very first construction work is celebrated at the plant site on Hanhikivi headland in Pyhäjoki as the construction of the new access road to the plant site is launched by Suomen Maastorakentajat Oy.

Fennovoima’s nuclear power plant Hanhikivi 1 starts generating electricity in 2024.

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