TVO reports increased turnover

21 July 2016

Finland’s Teollisuuden Voima Oyj (TVO) reported consolidated turnover for the first six months of 2016 of €176.9m ($194m), up €155.9m year on year, with 6,946GWh of electricity delivered to shareholders, up from 6,587GWh, the. The increased deliveries to shareholders was attributed to increased delivery from both unit 2 at the Olkiluoto NPP and the Meri-Pori coal-fired power plant, TVO said. Annual outages at Olkiluoto ended last month with extensive maintenance carried out at unit 1 and refuelling at unit 2. At Olkiluoto-3, where Areva is building an EPR, process system tests began and the operating licence application was submitted to the Ministry of Employment and the Economy.

Earth-moving work and excavations also began for radwaste company Posiva’s encapsulation plant at Olkiluoto, TVO said. In December 2015 Posiva announced it had been granted a licence by the government for the construction of a final disposal facility for used nuclear fuel at Olkiluoto – the first final repository in the world to enter the construction phase. In the planned final disposal facility, used fuel assemblies will be encapsulated and placed in the bedrock at a depth of about 400 metres for permanent disposal.

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