Fennovoima

Article

May 28, 2022

Fennovoima Oy is an energy company founded in 2007 that plans to build a new nuclear power plant in Finland. The company submitted an application for a decision-in-principle to the Government in January 2009. On 1 July 2010, Parliament granted the permit by 121–71 votes. Fennovoima's future power plant will be called Hanhikivi 1 and it is planned to build it in Pyhäjoki. On February 24, 2022, Russia invaded Ukraine. In March, Minister of Economic Affairs Mika Lintilä announced that granting a building permit for Fennovoima's nuclear power plant project is “completely impossible” in the current situation. On May 2, 2022, it was reported that Fennovoima had terminated its contract with Rosatom.

Organization

Fennovoima 's Board of Directors

Esa Härmälä is the Chairman of the Board of Fennovoima and Anastasia Zoteeva (President and CEO, Rusatom Energy International) is the Deputy Chairman. Members of the government: Pekka Erkkilä, M.Sc. Jussi Lehto, President and CEO, Keravan Energia and Voimaosakeyhtiö SF Seppo Siljama, President and CEO, Septem Partners Stefan Storholm, Managing Director, Katternö Kärnkraft Anton Dedusenko, Executive Vice President, JSC Rusatom Energy International Alternates: Konstantin Kryazhevskikh, Chief Legal Officer, Rusatom Energy International Juha Mäkitalo, Senior Partner, Law Office Mäkitalo Rantanen & Co Oy Arto Räty, Vice President, Corporate Affairs and Communications, Fortum According to Ilkka Salonen, CEO, East Office of Finnish IndustriesWikiLeaks, Djurica Tankosicia is suspected of falsifying environmental reports in Bulgaria in the Rosatom project. Fennovoima denied knowing about Tancosic's alleged links to a Bulgarian entrepreneur accused of corruption in 2006 and said the whole matter was not really related to Fennovoima's power plant project in any way. The plant project is also expected to be linked to Russia's foreign policy goals, where economic dependence on energy purchased from Russia exposes Finland to direct and indirect Russian influence.

Owners

Fennovoima's owners are Voimaosakeyhtiö SF (66%) and the plant supplier, RAOS Voima Oy, a subsidiary of the Russian state nuclear power company Rosatom (34%). Voimaosakeyhtiö SF is mostly owned by municipal energy companies, but Finnish industrial companies are also involved. Voimaosakeyhtiö SF is owned by the following companies: Fortum Power and Heat Holding Oy Hanhikiven Sähkönmyynti Oy Municipality of Pyhäjoki Andament Group Oy E. Helaakoski Oy SCG Specialist Contractors ’Group Oy Huoltovoima Oy Kaakon Energia Oy Imatran Seudun Sähkö Oy Parikkalan Valo Oy Katternö Kärnkraft Oy Ab Oy Herrfors Ab Koillis-Satakunnan Sähkö Oy Kruunupyyn Sähkölaitos Oy Lammaisten Energia Oy Naantalin Energia Oy Pietarsaaren Energia Oy Uudenkaarlepyyn Voimalaitos Oy Valkeakosken Energia Oy Vetelin Energia Oy Nor-Maali Oy Lahti Energia Oy Majakka Voima Oy MP Group Ltd Valio Oy Outokumpu Oyj Oy Turku Energia Ab Pohjois-Suomen Voima Oy Haukipudan Electricity Cooperative Keminmaan Energia Oy Central Cooperative Oulun Seudun Sähkö Raahen Energia Oy Rantakairan Sähkö Oy Tornion Energia Oy Rauman Energia Oy Rautaruukki Corporation SF Kaukolämpövoima Oy Haapajärven Lämpö Oy Jämsän Aluelämpö Oy Lapuan Energia Oy Lempäälän Lämpö Oy SRV Voima Oy Suomen Voima Oy Haminan Energia Oy Keravan Energia Oy Kokemäen Sähkö Oy KSS Energia Oy Köyliön-Säkylän Sähkö Oy Nivos Energia Oy Nurmijärven Sähkö Oy Paneliankosken Voima Oy Porvoon Energia Oy Sallila Energia Oy Vatajankosken Sähkö Oy VSV-Energiapalvelu Oy Vantaan Energia Oy Voimajunkkarit Oy Alajärven Sähkö Oy Jylhän Sähköosuuskunta Kuoreveden Sähkö Oy Lehtimäen Sähkö Oy Seinäjoen Energia Oy Äänekosken Energia Oy Entrepreneurial Power Ltd. B