TVO receives EUR 150 million shareholder loan commitment

21.12.2017

A shareholder loan commitment and related new shareholder loan agreements, totaling EUR 150 million, have been signed today in the Extraordinary General Meeting of Teollisuuden Voima Oyj (TVO).
All the TVO shareholders undersigned the agreement and commitment related to the shareholder loan arrangement in accordance with the proposal made by the TVO Board of Directors on 1 November 2017.

By means of the new shareholder loan commitment, TVO prepares to maintain a sufficient equity ratio to complete the Olkiluoto 3 EPR project.

AREVA-Siemens consortium is constructing the OL3 EPR nuclear power plant unit under a fixed-price turnkey contract. According to the plant supplier, the start of regular electricity generation of the unit will take place in May 2019.

For further information, please contact:
Risto Siilos, SVP Legal Affairs and Procurement, Deputy to the CEO,
Tel. +358 2 8381 5100.