Teollisuuden Voima

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Industrial Power Corporation
Teollisuuden Voima Oyj
Type Public limited company
Industry nuclear power
Founded 1969
Founder(s) 16 Finnish industrial and power companies
Headquarters Eurajoki, Finland
Key people Jarmo Tanhua (CEO)
Website www.tvo.fi

Teollisuuden Voima Oyj (TVO; Swedish: Industrins Kraft Abp, English: Industrial Power Corporation)[1][2] is a Finnish nuclear power company owned by a consortium of power and industrial companies. The biggest shareholders are Pohjolan Voima and Fortum. The company operates Olkiluoto Nuclear Power Plant, which consists of two BWRs (boiling water reactors), an EPR (European Pressurized Reactor) which is still under construction, and one half of a coal-fired power plant along with a wind farm.

The third reactor at Olkiluoto was expected to be ready in 2009, but last estimate is 2016. TVO has filed compensation claim for delays.[3]

On 21 April 2010, the Government of Finland decided to grant a permit for construction of fourth reactor at Olkiluoto.[4][5] The decision was approved by the Parliament on 1 July 2010.[6]

See also[edit]


  1. ^ "Teollisuuden Voima Oyj". Business Information System. Helsinki: The National Board of Patents and Registration and the Tax Administration, Finland. Retrieved 7 October 2011. 
  2. ^ "Teollisuuden Voima Oyj – Articles of Association". Teollisuuden Voima Oyj. Retrieved 7 October 2011. "The name of the company shall be Teollisuuden Voima Oyj, in Swedish Industrins Kraft Abp and in English Industrial Power Corporation." 
  3. ^ "TVO: No estimate for start-up of Olkiluoto 3". Yle Uutiset. 2014-02-12. Retrieved 2014-02-13. 
  4. ^ "Two out of three for Finland". World Nuclear News. 2010-04-21. Retrieved 2010-05-01. 
  5. ^ "Finnish government says yes to TVO and Fennovoima". Nuclear Engineering International (Global Trade Media). 2010-04-21. Retrieved 2010-05-01. 
  6. ^ Kinnunen, Terhi (2010-07-01). "Finnish parliament agrees plans for two reactors". Reuters. Retrieved 2010-07-02. 

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