industry nuclear power founded 2007 headquarters helsinki finland key people pekka ottavainen chairman juha nurmi ceo owner voimaosakeyhti sf 66 % and raos voima oy 34 % 1 website www.fennovoima.com fennovoima ltd finnish fennovoima oy 2 3 is a finnish nuclear power company established by a consortium of finnish power and industrial companies . the company does not own any nuclear capacities ; however it is preparing to build the 1200 mw hanhikivi 1 nuclear power plant at pyh joki . 4 contents 1 fennovoima board 2 shareholders 3 power plant project 4 critics 5 see also 6 references 7 external links fennovoima board edit the chairman of fennovoima s board is juhani pitk koski senior vice president of m & a of caverion corporation while the vice chairman is anastasia zoteeva deputy director general for business development of rusatom energy international . other board members are esa lager former cfo of outokumpu plc ; juha m kitalo attorney at law ; stefan storholm ceo of kattern group ; seppo siljama and ceo of rusatom energy international nikita konstantinov . deputy members of the board are ilkka salonen ceo of garmoshka ltd djurica tankosic president of global nuclear of worley parsons ; jussi lehto ceo of keravan and pekka erkkil executive vice president and chief technology officer of outokumpu . 5 shareholders edit finnish industry trade and the energy companies in need of their own electricity production started the company in 2007 . originally fennovoima was created as a partnership between voimaosakeyhti sf a cooperative producing electricity for its owners needs at production cost in proportion to their ownership share mankala with 66 % and the german power company e.on with 34 % . after e.on s withdrawal from finland voimaosakeyhti sf briefly owned 100 % of fennovoima shares . 6 7 8 according to the agreement with russian rosatom raos voima oy a finnish subsidiary of rosatom acquired a 34 % stake which previously belonged to e.on . 9 although raos voima was prepared to take 49 % in the project voimaosakeyhti sf commits to own more than half of the power plant and aims to increase the share of finnish companies up to 66 % . 10 as of 2014 voimaosakeyhti sf has 44 shareholders . 10 in 2016 fennovoima is owned by finnish voimaosakeyhti sf 66 % and rosatom s subsidiary raos voima oy 34 % . voimaosakeyhti sf includes industrial and trading companies as well as local energy utilities which are mainly owned by municipalities . 1 power plant project edit this section may be too long and excessively detailed . please consider summarizing the material while citing sources as needed . august 2016 main article hanhikivi nuclear power plant on 21 april 2010 the government of finland decided to grant a permit decision in principle to fennovoima for construction of a nuclear reactor . 11 12 13 the decision was approved by the parliament on 1 july 2010 . 14 15 the estimated construction time is six years until 2024 . the chosen plant model is rosatom s pressurized water reactor aes 2006 which is the latest evolution of vver plant designs . the other bidders for the project were areva and toshiba . fennovoima began direct negotiations with rosatom in april 2013 . on 21 december 2013 fennovoima and rosatom overseas a subsidiary of rosatom signed a plant supply contract . the plant should be commissioned by 2024 . 16 17 on 28 february 2014 voimaosakeyhti sf made the final decision to participate in fennovoima s nuclear power plant construction . 10 the final investment decision would be made in 2014 . 17 fennovoima submitted application in the end of june 2015 including the stakeholder with a 35 percent share of the russian firm rosatom and a percent share of croatian power company migrit energija . 18 on august 2015 it was informed that migrit solarna energija will not be involved in the venture . on 5 august finnish prime minister juha sipil said that the fennovoima nuclear power plant will be approved . by then finland s third nuclear plant had attained the required 60 percent domestic or eu eea ownership level . the new share owners were energy giant fortum with a 6.6 percent share and the construction firm srv which will be a building subcontractor on the site with a 1.8 percent share both of them via voimaosakeyhti sf . also steel manufacturer outokumpu whose steelworks in tornio will be the biggest consumer of fennovoima electricity upped its ownership share by 1.8 percent to 14.1 percent . 19 critics edit in july 2015 less than a third of finns supported fennovoima nuclear plant . 20 according to greenpeace s critic nuclear electricity is more expensive than alternatives . 21 financial models predict the plant will produce electricity at no more than 50 per mwh . 22 see also edit nuclear power in finland references edit a b fennovoima owners . fennovoima . retrieved 2016 03 31 . fennovoima oy . business information system . helsinki the national board of patents and registration and the tax administration finland . retrieved 5 october 2011 . fennovoima oy . yhti j rjestys fennovoima ltd. articles of association pdf . ydinvoimalaitoksen periaatep t shakemus in finnish . helsinki fennovoima oy . 1 december 2008 . p. 22 . retrieved 5 october 2011 . yhti n toiminimi on fennovoima oy ruotsiksi fennovoima ab ja englanniksi fennovoima ltd. the trade name of the company is fennovoima oy in swedish fennovoima ab and in english fennovoima ltd. new nuclear reactor to be built at pyh joki . yle news . helsinki yleisradio . 5 october 2011 . retrieved 5 october 2011 . fennovoima board . fennovoima . retrieved 2015 03 22 . eon withdraws from fennovoima . world nuclear news . 24 october 2012 . retrieved 26 october 2012 . e.on pulling out of fennovoima pyh joki nuclear project in jeopardy . helsingin sanomat . 24 october 2012 . retrieved 12 january 2014 . voimaosakeyhti sf purchased e.on s share in fennovoima press release . fennovoima . 15 february 2012 . retrieved 12 january 2014 . rosatom buys into fennovoima . world nuclear news . 28 march 2014 . retrieved 8 april 2014 . a b c finnish firms commit to fennovoima . world nuclear news . 28 february 2014 . retrieved 8 april 2014 . two out of three for finland . world nuclear news . 2010 04 21 . retrieved 2010 05 01 . finnish government says yes to tvo and fennovoima . nuclear engineering international . global trade media . 2010 04 21 . retrieved 2010 05 01 . finland approves nuclear power license to fennovoima . world construction industry network . 2010 05 07 . retrieved 2010 05 07 . kinnunen terhi 2010 07 01 . finnish parliament agrees plans for two reactors . reuters . retrieved 2010 07 02 . kinnunen terhi 2011 10 05 . finland names 1st nuclear site after fukushima . reuters . retrieved 2011 10 05 . finland s fennovoima signs reactor deal with rosatom . reuters . 21 december 2013 . retrieved 12 january 2014 . a b fennovoima and rusatom overseas signed plant supply contract press release . fennovoima . 2013 12 21 . retrieved 2014 01 12 . fennovoima gets new croatian owners hits permit deadline but questions remain 30.6.2015 finnish ministers fennovoima reactor will go ahead . yle . 2015 08 05 . retrieved 2016 03 31 . less than a third of finns support fennovoima nuclear plant yle news 23.7.2015 hurjat luvut fennovoimasta n ink veronmaksajia huijataan nuclear power chiefs assess path to new capacity growth . world nuclear news . 18 september 2015 . retrieved 21 september 2015 . external links edit official website retrieved from https en.wikipedia.org w index.php title fennovoima & oldid 743999578 categories nuclear power companies of finlandhidden categories cs1 finnish language sources fi articles containing finnish language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store 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