Fortum Loviisa nuclear power plant’s annual outage 2024 to begin
FORTUM CORPORATION PRESS RELEASE 31.7.2024
The annual outage of Fortum’s Loviisa nuclear power plant will begin with Unit 2 on Sunday, August 4th, followed by the servicing of Unit 1. This year, Loviisa 2 will undergo a short outage and Loviisa 1 will undergo the extensive annual outage, i.e. the so-called 4-year annual outage. The annual outages are expected to last approximately 51 days.
During the annual outages, a quarter of the fuel will be replaced. In addition to this, both units will undergo various types of preliminary maintenance work, inspections, repairs and tests.
”Nuclear power generates electricity around the clock for most of the year, but once a year the nuclear reactor must be shut down for fuel change and certain servicing and maintenance work. In this way, we will again secure uninterrupted electricity production for the coming year”, says Sasu Valkamo, Senior Vice President of Loviisa power plant.
In addition to the regular personnel working at the power plant, approximately 700 contractor employees will participate in the annual outage.
Extensive lifetime extension investment programme
Annual outages are also important in the long-term life cycle management of the power plant. In February 2023, the Finnish Government granted a new operating license for the Loviisa nuclear power plant until 2050. The lifetime extension is based on an investment portfolio containing numerous projects. The projects will involve replacing power plant equipment, components and systems and upgrades to buildings and infrastructure. Some of the projects will be carried out during annual outages.
”We have busy years ahead of us in Loviisa, during which we will improve the plant project by project while at the same time delivering reliable clean energy. Our aim is for the power plant to operate just as stably, reliably and safely during the new operating period as it has thus far," says Valkamo.
Fortum Corporation
Communications
Further information:
Fortum News Desk, newsdesk@fortum.com, +358 40 198 2843
Loviisa Power Plant
In 2023, the load factor at Fortum’s fully-owned Loviisa nuclear power plant was 91.06%. The continuous development and modernisation of the power plant enable load factors that are among the best for pressurised water reactors on an international scale. In 2023, the power plant produced a total of 8.09 terawatt hours (net) of electricity, which is more than 10% of Finland’s electricity production. Fortum employs about 700 nuclear sector professionals, 560 of them work at the Loviisa power plant. Additionally, nearly 100 permanent employees of other companies work in the power plant area every day. More information: www.fortum.com/loviisa
Fortum
Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com
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