Teollisuuden Voima Oy
| Date: | 22 Apr 2025 |
|---|---|
| Country: | Finland |
| Customer: | Teollisuuden Voima Oy |
| Amount in EUR: | EUR 75 million |
| Maturity: | 10 years |
| Business sector: | Public Sector & Utilities |
Project
The investment project encompasses two major initiatives: the replacement of the I&C and monitoring systems at the Olkiluoto 1 (OL1) and Olkiluoto 2 (OL2) plant units and the modernisation of the reactor steam separators at both units. The possible extension of the service life of the plant units as well as an increase of their thermal power have also been accounted for in the investment plans.
Fulfilment of NIB's mandate
OL1 and OL2 have both a combined capacity of 890 MW, producing nearly 15 TWh of electricity annually, making a significant contribution to Finland’s overall power generation. Investments will extend the operational life of the plants and allow for a possible future increase in output. This will enhance supply security and grid stability, especially as renewable energy sources with variable output continue to grow and base-load capacity declines.
Sustainability summary
This is a project with a potentially extensive environmental and/or social impact (category A, read more)
With the objective to collect potential stakeholders´ views on NIB´s engagement in the project, information about the project and NIB´s potential financing has been publicly disclosed for a period 30 days on NIB´s webpage prior to the credit decision. No comments have been received.
