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Owners made final commitment to Fennovoima

Fennovoima’s owners Voimaosakeyhtiö and Raos Voima oy, have today on April 15th, made the binding decision to construct and finance Fennovoima’s nuclear power plant in Pyhäjoki.
According to the agreed schedule, the power plant will generate electricity for its owners at cost price starting from 2024.

The Ministry of Employment and the Economy of Finland is preparing a proposal for Fennovoima’s application to supplement the Decision-in-Principle. If the Government approves the supplement, the application will proceed to Parliamentary ratification.

Raos Voima Oy, the subsidiary of JSC Rusatom Overseas and a part of the State Atomic Energy Corporation Rosatom, became Fennovoima's owner in March 2014 with a share of 34 %. Fennovoima’s majority owner Voimaosakeyhtiö SF aims at keeping its ownership in Fennovoima in the current 66 %.
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