TVO Working On Extending Operating Licences At Olkiluoto NPP Teollisuuden Voima Oyj (TVO, ENS Corporate Member) has initiated an environmental impact assessment procedure (EIA) concerning the possible operating licence extension by at least 10 years and potential power uprating of the Olkiluoto-1 and Olkiluoto-2 plant units. At the moment, the plant units are licensed until…
Olkiluoto Hit New Production Record In 2023 In 2023, the Olkiluoto nuclear power plant produced a total of 24.67 TWh of low-carbon electricity, representing 31 % of the electricity consumed in Finland. TVO (Teollisuuden Voima Oy, ENS Corporate Member) declared that this is the highest production volume ever in the history of the site. The…
Support For Nuclear Energy Remains Strong In Finland The support for nuclear energy as a reliable and safe low-carbon source of energy remains high in Finland. A new survey by Verian, commissioned by Finnish Energy, reports that 61 % of respondents are in favour of nuclear power and only 9 % against. The current approval…
Tractebel To Support Steady Energy Developing LDR-50 SMR Tractebel (ENS Corporate Member) signed a contract with Finnish technology developer Steady Energy to provide engineering services to develop Steady Energy’s LDR-50 SMR, aimed at providing clean district heating and industrial steam. Steady Energy has already struck agreements for 15 reactors in Finland and is expanding to…
TVO and the European Investment Bank Agree on Financing the Olkiluoto Investment Project Teollisuuden Voima Oyj (TVO, ENS Corporate Member) and the European Investment Bank (EIB) have signed a new loan agreement worth EUR 90 million to finance the investment project for the Olkiluoto 1 (OL1) and Olkiluoto 2 (OL2) plant units. Over the coming…