|Private limited company|
|Pekka Ottavainen (Chairman)
Juha Nurmi (CEO)
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 Voimaosakeyhtiö 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, Voimaosakeyhtiö SF briefly owned 100% of Fennovoima shares. 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. Although RAOS Voima was prepared to kae 49% in the project, Voimaosakeyhtiö SF commits to own more than half of the power plant and aims to increase the share of Finnish companies up to 66%. As of 2014, Voimaosakeyhtiö SF has 44 shareholders.
Power plant project
On 21 April 2010, the Government of Finland decided to grant a permit (Decision-in-Principle) to Fennovoima for construction of a nuclear reactor. The decision was approved by the Parliament on 1 July 2010.
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.
- "Fennovoima Oy". Business Information System. Helsinki: The National Board of Patents and Registration and the Tax Administration, Finland. Retrieved 5 October 2011.
- "Fennovoima Oy. Yhtiöjärjestys" [Fennovoima Ltd. Articles of Association] (PDF). Ydinvoimalaitoksen periaatepäätöshakemus (in Finnish). Helsinki: Fennovoima Oy. 1 December 2008. p. 22. Retrieved 5 October 2011.
Yhtiön 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 Pyhäjoki". YLE News (Helsinki: Yleisradio). 5 October 2011. Retrieved 5 October 2011.
- "EOn withdraws from Fennovoima". World Nuclear News. 24 October 2012. Retrieved 26 October 2012.
- "E.On pulling out of Fennovoima – Pyhäjoki nuclear project in jeopardy". Helsingin Sanomat. 24 October 2012. Retrieved 12 January 2014.
- "Voimaosakeyhtiö 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.
- "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.
- "Fennovoima and Rusatom Overseas signed plant supply contract" (Press release). Fennovoima. 2013-12-21. Retrieved 2014-01-12.