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Changes in ownership of TVO's shares of Meri-Pori production capacity

8.6.2018

​ Teollisuuden Voima Oyj and its shareholders have agreed on ownership arrangements of shares entitling to a share of Meri-Pori power plant's production capacity. TVO will relinquish its ownership in the Meri-Pori power plant in full.

​According to the agreement signed today 8 June 2018, Fortum will acquire TVO’s shareholders' shares of the production capacity of the Meri-Pori power plant. Fortum will be entitled to use TVO's share of Meri-Pori capacity as of the beginning of 2019, and TVO will relinquish its share in Meri-Pori in full in the beginning of July 2020.

The 565 megawatt Meri-Pori condensing power plant located in the Tahkoluoto area of Pori was commissioned in 1994. In recent years, it has produced electricity mainly during peak consumption periods.

For more information, please contact:
Ulla-Maija Moisio, Head of Legal Affairs, TVO Group, tel. +358 2 8381 6200

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