TVO's Board of Directors proposes that OL4 construction license will not be applied now


​The Board of Directors of Teollisuuden Voima Oyj (TVO) has decided to propose to the Extraordinary General Meeting that a construction license for Olkiluoto 4 nuclear power plant unit will not be applied for during the validity of the decision-in-principle made in 2010.

The proposal is justified by the delay of the start-up of Olkiluoto 3 plant unit. In this situation it is impossible to make significant Olkiluoto 4 related decisions necessary for the construction license application within the current period of validity of the decision-in-principle. Thus the decision-in-principle, made by the Finnish Government and approved by Parliament, would expire at the end of June 2015.

- There is still a need for emission-free base-load power production in Finland. Olkiluoto 4 is important for us and therefore we will be prepared to apply for a new decision-in-principle. Decision on a new application submission will be made separately, says Jarmo Tanhua, President and CEO of TVO.

More information from Jarmo Tanhua, President and CEO of Teollisuuden Voima Oyj.

Interview requests:
Pasi Tuohimaa, Manager, Corporate Communications, Teollisuuden Voima Oyj,
tel. +358 40 544 5001.