PRESS RELEASE 7 December 2011
The Extraordinary General Meeting of TVO (Teollisuuden Voima Oyj) has today
decided to commence the bidding and engineering phase of the company's fourth
nuclear unit at Olkiluoto, Finland. Fortum's stake of the costs of this stage
is approximately EUR 72 million, which corresponds Fortum's approximately 26%
share of TVO shares. The sum will be divided to several years.
The target of the bidding and engineering phase is to select a plant unit that
meets all the latest safety requirements.
According to the decision-in-principle, ratified by the Finnish Parliament in
July 2010, the application for a building permit for the Olkiluoto's fourth
unit must be filed latest in June 2015.
SEE ALSO THE PREVIOUS PRESS RELEASE:
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