TVO Board of Directors proposes new shareholder loan commitment to its shareholders


​The Board of Directors of Teollisuuden Voima Oyj (TVO) proposes a new shareholder loan commitment of EUR 300 million to the shareholders of the company.

By the means of the proposed new shareholder loan the company prepares to maintain a sufficient level of equity for the Olkiluoto 3 project, cope with possible additional delays and possible additional costs in finalizing the project.

By its finance instruments TVO has committed to finance the OL3 project so that the shareholders' share of the share capital or shareholder loans is kept at 25 percent at the minimum.

AREVA-Siemens consortium is constructing the OL3 nuclear plant unit under a fixed-price turnkey contract.

For further information, please contact:
Jarmo Tanhua, President and CEO, Teollisuuden Voima Oyj, tel. +358 2 8381 2000.