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Fortum participates in bidding, engineering phase of nuclear unit in Finland

03 Nov 2011

Fortum will participate in the financing of the bidding and engineering phase of Teollisuuden Voima Oyj's (TVO) fourth nuclear unit at Olkiluoto, Finland.


Fortum intends to hold a stake corresponding its share in TVO, and the owners of TVO will make the final decision of commencing the phase.

The company owns nearly 26% of the shares of TVO.

According to the decision-in-principle, ratified by the Finnish Parliament in July 2010, the application for a building permit for the Olkiluoto's fourth unit must be filed latest in June 2015.

Fortum is a provider of sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security.