Teollisuuden Voima Oyj Interim Report January–September 2022

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During the first three quarters of 2022, Teollisuuden Voima’s (TVO) electricity generation at the Olkiluoto 1 (OL1) and Olkiluoto 2 (OL2) plant units continued safely and reliably.

The electricity production of the Olkiluoto 3 EPR plant unit (OL3) started on Saturday, 12 March 2022. In September, OL3's test production proceeded first to tests at an 80 percent power level, and then at the end of the month to tests at full power. According to information received from the Plant Supplier in June 2022, OL3’s regular electricity production starts in December 2022. OL3 significantly improves Finland’s electricity self-sufficiency and helps in achieving carbon neutrality goals.

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

The TVO Group closely follows the situation in Ukraine and its impact on the Group’s operations. The situation has not had an immediate or direct effect the Group’s operations or the production of electricity.

Please find the full Interim Report January–September 2022 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 over 40 years. Nuclear electricity generated at TVO's Olkiluoto plant covers approximately 30 percent of Finland’s electricity demand once Olkiluoto 3’s regular electricity production has started. 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.