TVO's Board of Directors proposes that OL4 construction license will not be applied now

13.5.2015

The Board of Directors of Teollisuuden Voima Oyj (TVO) has decided to propose to the Extraordinary General Meeting that a construction license for Olkiluoto 4 nuclear power plant unit will not be applied for during the validity of the decision-in-principle made in 2010.

The proposal is justified by the delay of the start-up of Olkiluoto 3 plant unit. In this situation it is impossible to make significant Olkiluoto 4 related decisions necessary for the construction license application within the current period of validity of the decision-in-principle. Thus the decision-in-principle, made by the Finnish Government and approved by Parliament, would expire at the end of June 2015.

- There is still a need for emission-free base-load power production in Finland. Olkiluoto 4 is important for us and therefore we will be prepared to apply for a new decision-in-principle. Decision on a new application submission will be made separately, says Jarmo Tanhua, President and CEO of TVO.

More information from Jarmo Tanhua, President and CEO of Teollisuuden Voima Oyj.

Interview requests:
Pasi Tuohimaa, Manager, Corporate Communications, Teollisuuden Voima Oyj,
tel. +358 40 544 5001.

Share