Teollisuuden Voima Oyj Interim Report January–September 2021

During the first three quarters of 2021, Teollisuuden Voima’s (TVO) electricity generation at the Olkiluoto 1 (OL1) and Olkiluoto 2 (OL2) plant units continued safely and reliably.

The fuel loading of the Olkiluoto 3 EPR plant unit (OL3 EPR) was completed in April 2021. Due to extended turbine overhaul and inspection works, the plant unit will be connected to the national grid in February 2022, and regular electricity production starts in June 2022 according to the updated schedule received from the plant supplier Areva−Siemens consortium in August 2021.

The agreements regarding the amendments to the OL3 EPR project 2018 Global Settlement Agreement signed by TVO and the Areva−Siemens consortium entered into force in July 2021 when all conditions were fulfilled. 

The construction work at Posiva’s encapsulation plant and final disposal facility has proceeded as planned. 

The TVO Group has taken extensive measures to prevent the spread of coronavirus (COVID-19) infections. Despite of COVID-19 restrictions, work has been able to continue under special arrangements.

Please find the full Interim Report January–September 2021 on tvo.fi web pages.
 

For further information, please contact:
Anja Ussa, Senior Vice President, Finance, Tel. +358 50 342 3464. 

Teollisuuden Voima Oyj has produced electricity for its shareholders, Finnish industrial and energy companies, safely and reliably for 40 years. Nuclear electricity generated at TVO's Olkiluoto plant covers approximately one sixth, increasing to nearly one third once Olkiluoto 3 is completed, of the electricity consumption in Finland. Climate-friendly nuclear electricity not only benefits society but also reduces the environmental impact of energy production. Moreover, the world's first final disposal facility for spent nuclear fuel is under construction in Olkiluoto.