Government grants nuclear power license for Fennovoima

The Finnish Government has given Fennovoima a Decision-in-Principle regarding construction of a nuclear power plant. The Government made its formal decision today on May 6.

Fennovoima appreciates the Government's view that the nuclear power project is for the overall good of the Finnish society. Fennovoima is essential for its shareholders as they are in genuine need for own, reasonably-priced electricity.

− We are pleased and happy that the Government has confidence in us and we hope that Parliament will share the view of the Government. We, Fennovoima's shareholders, are strongly committed to this vital project and motivated in proceeding to its implementation without delay, says Juha Rantanen, Chairman of the Board of Fennovoima.

Fennovoima was established in 2007 and it has 64 shareholders: companies representing trade and industry and dozens of local electricity utilities. To support their expertise, Finnish founding companies chose E.ON, one of the world's biggest energy companies, as the expert partner for the project.

 

>> Fennovoima's application for Decision-in-Principle
>> The schedule of Fennovoima project