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On 21 April 2010, the
Government of Finland decided to grant a permit for the construction of a fourth reactor at Olkiluoto. The decision was approved by the Parliament on 1 July 2010. In 2014 this permit expired, and was not renewed by the government.
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In
January 2015 TVO announced plans to save around $ 17.7 million per year through 'efficiency-related structural changes' which are expected to cause up to 110 job cuts. The CEO of TVO, Jarmo Tanhua, explained the reasons as:
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price has dropped and there are no signs of improvement in the foreseeable future ... In addition, costs related to nuclear power production have increased and the delay of
Olkiluoto 3 project has caused remarkable additional
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The third reactor at
Olkiluoto was expected to be ready in May 2009, but significant delays pushed commercial availability to May 2023. TVO has filed compensation claim for delays, and
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The competitiveness of the electricity produced in
Olkiluoto has declined during the recent years and the outlook of the future is uncertain.
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The name of the company shall be
Teollisuuden Voima Oyj, in Swedish Industrins Kraft Abp and in English Industrial Power Corporation.
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767:[Nuclear power: How Siemens could become a nuclear enterprise again].
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258:) which reached full operational capacity in 2023, and formerly one half of a
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691:"Stubb: Nuclear reactor project still possible despite cabinet rejection"
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765:"Kernenergie: Wie Siemens doch wieder zum Atomkonzern werden könnte"
579:"Breakthrough in Areva-TVO nuclear dispute seen this year - sources"
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Kläsgen, Michael; Büschemann, Karl-Heinz (25 October 2016).
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to take financial responsibility for the completion of unit
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have counter-claimed against TVO. Arbitrators at the
719:. Nuclear Engineering International. 12 January 2015
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Group, is being broken up by the French government.
630:"Finnish government says yes to TVO and Fennovoima"
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739:"How Siemens could become a nuclear company again"
660:"Finnish parliament agrees plans for two reactors"
501:"Teollisuuden Voima Oyj – Articles of Association"
636:. Global Trade Media. 2010-04-21. Archived from
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551:"TVO: No estimate for start-up of Olkiluoto 3"
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320:, because its project partner, the French
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89:16 Finnish industrial and power companies
503:. Teollisuuden Voima Oyj. Archived from
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827:Finnish companies established in 1969
224:, Industrial Power Corporation) is a
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817:Energy companies established in 1969
717:"TVO announces restructuring plans"
235:of power and industrial companies.
812:Nuclear power companies of Finland
745:. Berlin, Germany. 26 October 2016
14:
634:Nuclear Engineering International
279:International Chamber of Commerce
577:Geert De Clercq (1 April 2015).
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308:reports that TVO is calling on
658:Kinnunen, Terhi (2010-07-01).
605:"Two out of three for Finland"
250:, which consists of two BWRs (
1:
318:Olkiluoto Nuclear Power Plant
302:An October 2016 story in the
248:Olkiluoto Nuclear Power Plant
238:The biggest shareholders are
16:Finnish nuclear power company
771:(in German). Munich, Germany
281:are considering the claims.
256:European Pressurized Reactor
20:Industrial Power Corporation
475:Business Information System
73:; 55 years ago
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581:. Reuters. Archived from
24:
743:Clean Energy Wire (CLEW)
471:"Teollisuuden Voima Oyj"
364:Nuclear power in Finland
246:. The company operates
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260:coal-fired power plant
252:boiling water reactors
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214:Teollisuuden Voima Oyj
52:Public limited company
41:Teollisuuden Voima Oyj
40:
168:Fortum Power and Heat
532:. Teollisuuden Voima
452:. Teollisuuden Voima
428:. Teollisuuden Voima
426:"Board of Directors"
407:. Teollisuuden Voima
386:. Teollisuuden Voima
384:"The history of TVO"
222:Industrins Kraft Abp
769:Süddeutsche Zeitung
305:Süddeutsche Zeitung
231:company owned by a
187:Number of employees
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609:World Nuclear News
585:on January 5, 2016
405:"Management Group"
295:Electricity market
697:. 25 October 2014
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787:External links
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530:"TVO in brief"
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773:. Retrieved
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747:. Retrieved
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721:. Retrieved
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670:the original
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638:the original
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613:. Retrieved
611:. 2010-04-21
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583:the original
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559:. 2014-02-12
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505:the original
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479:the original
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94:Headquarters
48:Company type
556:Yle Uutiset
254:), an EPR (
175: [
172:EPV Energia
147:273 million
35:Native name
806:Categories
775:2016-11-01
749:2016-11-01
723:13 January
701:23 October
676:2010-07-02
644:2010-05-01
615:2010-05-01
563:2014-02-13
536:2016-09-14
456:2016-09-14
432:2016-09-14
411:2016-09-14
390:2016-09-14
370:References
233:consortium
113:Key people
511:7 October
485:7 October
316:3 of the
264:wind farm
170:(25.8%),
158:(58.5%),
119:President
822:Eurajoki
589:21 April
328:See also
166:(0.9%),
162:(8.3%),
129:Chairman
99:Eurajoki
58:Industry
665:Reuters
310:Siemens
275:Siemens
226:Finnish
218:Swedish
196:Website
160:Mankala
136:Revenue
105:Finland
86:Founder
76: (
68:Founded
832:Fortum
314:
298:costs.
244:Fortum
216:(TVO;
181:(6.6%)
164:Kemira
322:Areva
271:Areva
179:]
152:Owner
725:2015
703:2014
591:2015
513:2011
487:2011
242:and
203:.tvo
121:and
78:1969
71:1969
695:Yle
205:.fi
201:www
191:791
123:CEO
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
