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.
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