Fennovoima

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  • name means "Scandinavian power"
  • main stakeholder formerly was the German company E.ON; they decided in October 2012 to leave the project, in February 2013 they announced to have handed over their shares to Voimaosakeyhtiö[1]
  • smaller stakeholders, e.g.: Ruukki (2 %) steel factory in Raahe
  • wants to build a new nuclear power station in Pyhäjoki/Finland - possible other location was Simo (both close to the city of Oulu); October 5, 2011 Fennovoima announced their selection of Pyhäjoki for the NPP site[2]


Contents

Fennovoima shareholders

  1. Voimaosakeyhtiö SF: 100 % (formerly: 66 %)
    • 45 %
      1. Boliden Harjavalta Oy: 1 %
      2. Boliden Kokkola Oy: 7 % (shares to be reduced)
      3. Kesko Oyj: 4 %
      4. Outokumpu Oyj: 14 %
      5. Ovako Bar Oy Ab: 2 %
      6. Rautaruukki Oyj: 4 %
      7. S-ryhmä: 5 %[3]
      8. Majakka Voima Oy: 9 %
        1. Oy AGA Ab
        2. Atria Oyj[3]
        3. Componenta Oyj
        4. Finnfoam Oy
        5. Myllyn Paras Oy
        6. Omya Oy[3]
        7. Talvivaaran Kaivososakeyhtiö Oyj
        8. Valio Oy
    • 55 %
      1. Kuopion Energia Oy: 2 %[4]
      2. Lahti Energia Oy: 4 %
      3. Rauman Energia Oy: 5 %
      4. Oy Turku Energia Ab: 3 %
      5. Vantaan Energia Oy: 5 %
      6. Katternö Kärnkraft Oy Ab: 10 % (shares to be reduced)
        1. Esse Elektro-Kraft Ab
        2. Oy Herrfors Ab
        3. Koillis-Satakunnan Sähkö Oy
        4. Kruunupyyn Sähkölaitos
        5. Lammaisten Energia Oy
        6. Naantalin Energia Oy
        7. Pietarsaaren Energialaitos
        8. Talvivaaran Kaivososakeyhtiö Oyj
        9. Tammisaaren Energia
        10. Uudenkaarlepyyn Voimalaitos
        11. Valkeakosken Energia Oy
        12. Vetelin Sähkölaitos Oy
      7. Suomen Voima Oy: 13 %
        1. Etelä-Savon Energia Oy
        2. Haminan Energia Oy
        3. Keravan Energia Oy
        4. Kokemäen Sähkö Oy
        5. KSS Energia Oy
        6. Köyliön-Säkylän Sähkö Oy
        7. Lankosken Sähkö Oy[3]
        8. Leppäkosken Sähkö Oy[3]
        9. Mäntsälän Sähkö Oy
        10. Nurmijärven Sähkö Oy
        11. Paneliankosken Voima Oy
        12. Porvoon Energia Oy
        13. Sallila Energia Oy
        14. Vatajankosken Sähkö Oy
        15. Vakka-Suomen Voima Oy
      8. Kaakon Energia Oy: 4 %
        1. Imatran Seudun Sähkö Oy
        2. Parikkalan Valo Oy
        3. Outokummun Energia Oy[3]
      9. Pohjois-Suomen Voima Oy: 3 %
        1. Haukiputaan Sähköosuuskunta
        2. Itä-Lapin Energia Oy
        3. Kemin Energia Oy
        4. Keminmaan Energia Oy
        5. Kotkan Energia Oy
        6. Keskusosuuskunta Oulun Seudun Sähkö
        7. Raahen Energia Oy
        8. Rantakairan Sähkö Oy
        9. Rovakairan Tuotanto Oy
        10. Tornion Energia Oy
      10. Voimajunkkarit Oy: 5 %
        1. Alajärvan Sähkö Oy
        2. Hiirikosken Energia Oy
        3. Jylhän Sähköosuuskunta
        4. Kuoreveden Sähkö Oy
        5. Lehtimäen SähköOy
        6. Seinäjoen Energia Oy
        7. Vimpelin Voima Oy
        8. Ääneseudun Energia Oy
  2. E.ON Kärnkraft Finland Ab: 0 % (decided in October 2012 to sell their 34 % shares[5][6]) - Rusatom Overseas was announced on July 3, 2013 to be in negotiations to take over these shares[7]

Shareholders already left before:[8]

  • Ålands Elandelslag
  • Jyväskylä Energia

The shares have been transferred to Talvivaara which has increased its share in the project at the same time.[8]


Voimaosakeyhtiö SF profile

source: http://www.voimaosakeyhtio.fi/en/tietoa.php as of August 9, 2013 "A group of Finnish companies had until now been left outside of the ownership of the reasonable priced nuclear energy. These companies founded Voimaosakeyhtiö SF in 2006. Next year Fennovoima's nuclear power plant project was started. In 2011 Fennovoima decided that its nuclear power plant will be built to Pyhäjoki.

The owners founded Voimaosakeyhtiö SF in order to get their own reasonable priced electricity production and through this the possibility to equal operational preconditions with the industry and electricity companies that own nuclear power already.

Voimaosakeyhtiö SF operates like a co-operative. All shareholders will get the electricity generated by Fennovoima's future nuclear power plant at cost price in proportion to their ownership.

The company's line of business

The line of business of the company is to deliver energy to its shareholders and other activities related to this. The company owns shares of the Limited Company Fennovoima and may also own shares of other companies whose line of business is production, transmission and delivery of electricity and other forms of energy.

Board of Directors

Chairman of the Board is Antti Koskelainen. Board members are Toni Hemminki, Jarmo Herronen, Pertti Laukkanen, Jussi Lehto, Pekka Rantanen, Pekka Perä and Stefan Storholm.

Deputy members are Marko Haapala and Risto Vaittinen.

CEO

Pekka Ottavainen acts as the CEO of Voimaosakeyhtiö SF.

Business ID 2069398-3

Information on shareholders

This chapter is copied from Voimaosakeyhtiö SF website. It contains a brief presentation of all 67 Voimaosakeyhtiö SF shareholders. They are given in alphabetical order. If the holding entitling to electricity at cost price is fully owned by a subsidiary of a shareholder, the name of the subsidiary is given parentheses after the name of the parent company.[9]

Oy Aga Ab produces and markets industrial and special gases and related technology and services. In the production of industrial gases, electricity is used for cooling and compression and for running various pumps and blowers. The company's net sales in 2007 totaled EUR 170 million. AGA belongs to The Linde Group, the leading gas supplier in the world. AGA employs some 400 people in Finland.

Alajärven Sähkö Oy is engaged in the retail sale and transmission of electricity and is owned by its customers.

Boliden Harjavalta Oy belongs to the Boliden Group of Sweden. Based in Harjavalta, the company engages in copper processing and nickel concentrate smelting and also manufactures copper cathodes in Pori. The industry is highly energy intensive; the company needs electricity for melting copper and for electrolytic copper production. The company's net sales in 2007 totaled EUR 140 million, and personnel numbered just over 400.

Boliden Kokkola Oy is the second largest zinc plant in Europe and the fourth largest in the world. Boliden Kokkola belongs to the Boliden Group. Zinc production is highly energy intensive despite the fact that the plant has an efficient and environmentally friendly production process. The electrolytic stage in particular consumes much electricity. Boliden Kokkola is the largest private sector employer in the town of Kokkola, with a personnel of about 600. The company's net sales in 2007 totaled approximately EUR 270 million.

Componenta plc is an international metal industry group listed on the Helsinki Stock Exchange. Componenta manufactures metal industry components and assemblies. Component manufacture requires a great deal of energy due to the properties of iron and aluminum; working iron requires a temperature of more than 1,500 degrees Celsius. The company's net sales in 2007 totaled approximately EUR 640 million. Componenta has some 5,100 employees, about one fifth of which are employed in Finland. Its headquarters and most of its production units are located in Finland.

Esse Elektro Kraft Ab is a privately owned company engaged in producing, transmitting and selling energy in South Ostrobothnia.

Etelä-Savon Energia Oy is an energy company owned by the City of Mikkeli and engaged in producing, transmitting and selling electricity and district heating in the Mikkeli area; it also sells electricity nationwide.

Finnfoam Oy is a Finnish family business that manufactures heat insulation. The company's net sales in 2007 totaled approximately EUR 50 million. The company employs about 40 people.

Haminan Energia Oy is an energy company owned by the City of Hamina engaging in the maintenance and operation of electricity, natural gas, district heating and telecommunications networks and in producing electricity, district heating and energy solutions.

Haukiputaan Sähköosuuskunta has concentrated in serving electricity users in Haukiputaa and Kello. There are about 6,000 members. Oulun Sähkönmyynti Oy is the responsible electricity seller in the area, and Haukiputaan Sähköosuuskunta has 6.33 % of it.

Oy Herrfors Ab produces, sells and distributes electricity and district heating to customers in Maksamaa, Oravainen, Teerijärvi, Ylivieska, Alavieska and part of Pedersöre. Herrfors belongs to the Katternö Group owned by energy companies in Central Ostrobothnia.

Imatran Seudun Sähkö Oy is an electricity production, distribution and sales company in the Imatra area, owned principally by its household and corporate customers and municipalities in the area.

Itä-Lapin Energia Oy is a company owned by the City of Kemijärvi and the Municipalities of Salla, Pelkosenniemi and Savukoski engaging in the administration of shares in electricity production. It is a subsidiary of Koillis-Lapin Sähkö Oy.

Jylhän Sähköosuuskunta is an electricity cooperative in Kauhava engaging in the production, sales and transmission of electricity. The cooperative is owned by 1,100 private individuals in Kauhava.

Kemin Energia Oy is a company owned by the City of Kemi whose services include electricity transmission and district heating sales.

Keminmaan Energia Oy is an energy company owned by Keminmaa municipality. Its field of activity covers distributing electricity as well as producing and distributing district heating.

Keravan Energia Oy is an energy company owned by the City of Kerava and the Municipality of Sipoo. It is principally engaged in electricity and district heating production and distribution.

Kesko plc (Kestra Kiinteistöpalvelut Oy) is a retail trade conglomerate operating in the Baltic Sea area, with net sales totaling EUR 8.8 billion in 2010. In Finland, Kesko and K shopkeepers employ some 45,000 people. Kesko is active in the food, hardware, department store, agricultural and machinery retail trade. Kesko is a major consumer of electricity, accounting for about 1% of Finland's total electricity consumption. The company's energy needs stem from the maintenance of properties and the operating of cold storage equipment.

Koillis-Satakunnan Sähkö Oy sells and distributes electricity in an area at the junction of South Ostrobothnia, Central Finland and the Tampere Region. It is municipally owned by the municipalities of Virrat, Ähtäri, Alavus, Töysä, Keuruu ja Kihniö.

Kokemäen Sähkö Oy is a company in Kokemäki engaging in electricity sales and distribution.

Kotkan Energia Oy is an energy company wholly owned by the City of Kotka; its main products are district heating, electricity and industrial steam. Kotkan Energia also sells natural gas to industry.

Kruunupyyn Sähkölaitos is the electricity utility of the Municipality of Kruunupyy, procuring and distributing electricity in the Kruunupyy area.

KSS Energia Oy is an energy company owned by the City of Kouvola and engaging in the production, sales and transmission of electricity and district heating.

Kuopion Energia Oy is an energy company owned by the City of Kuopio, supplying its customers with electricity and district heating.

Kuoreveden Sähkö Oy is a local electricity company that sells and produces electricity for customers in its area and is responsible for electricity transmission.

Köyliön-Säkylän Sähkö Oy produces and sells electricity in the municipalities of Säkylä, Köyliö and Eura. The company has some 200 shareholders.

Lahti Energia Oy is an energy company owned by the City of Lahti and engaging in the procurement and distribution of electricity, district heating and natural gas to its customers.

Lammaisten Energia Oy is a mainly privately owned energy company. Its field of activity includes producing, selling and distributing electricity. The company operates in Satakunta.

Lehtimäen Sähkö Oy manages electricity distribution and sales in its network area in Lehtimäki.

Myllyn Paras Oy produces and markets flours, flakes, groats and pasta, and also frozen dough and bakery products. The family-owned company has two plants in Hyvinkää. It employs just over 100 people, and its net sales in the financial period that ended in summer 2008 totaled EUR 40 million.

Mäntsälän Sähkö Oy is a company owned by the Municipality of Mäntsälä engaging in the production, transmission and sales of electricity, district heating and natural gas in the Uusimaa region.

Nurmijärven Sähkö Oy (Nurmijärven Sähkönmyynti Oy) is a local energy company owned by the Municipality of Nurmijärvi engaging in the sales of electricity and district heating.

Naantalin Energia Oy is a local electricity company owned by the Municipality of Naantali. It distributes electricity in its network area to 5,500 customers. Altogether the company distributes 130 GWh electricity yearly. The company also sells electricity outside its field of activity, emphasizing in the close areas. The company is 100 years old in 2012.

Keskusosuuskunta Oulun Seudun Sähkö] is a central cooperative formed by twelve electricity cooperatives and three other organizations. Its purpose is to produce electricity that its member cooperatives in the Oulu area then sell to their customers.

Outokumpu plc is an international listed company that manufactures stainless steel. The manufacture of stainless steel is energy intensive even though the production facilities are modern, because smelting the raw materials in an electric arc furnace requires a lot of electricity. In Finland, Outokumpu also produces the most important additive to stainless steel, ferrochromium, and it aims to expand this production. Ferrochromium production is highly energy intensive, 30% to 35% of its production costs being accounted for by the cost of electricity. The net sales of Outokumpu plc in 2007 totaled EUR 6.9 billion, of which 95% came from outside Finland. Outokumpu employs 8,100 people worldwide, of which about one third in Finland. Its largest shareholder is the Finnish government with a holding of about 40%.

Ovako Imatra Oy Ab belongs to the Ovako Group. Ovako manufactures long special steel elements for the vehicle and mechanical engineering industries. Its main market areas are the Nordic countries and Europe. Special steel is manufactured by smelting recycled steel in electric arc furnaces. Ovako Group net sales in 2007 totaled EUR approximately 1.5 billion. Ovako has 4,300 employees.

Paneliankosken Voima Oy is a mainly privately owned company that produces, distributes and sells electricity at Panelia.

Parikkalan Valo Oy is a customer-owned company that sells and transmits electricity in and near Parikkala.

Pietarsaaren Energialaitos is an energy utility owned by the City of Pietarsaari, engaging in the distribution of electricity in Pietarsaari and neighboring municipalities and in the production of district heating in Pietarsaari.

Porvoon Energia Oy - Borgå Energi Ab is a company owned by the City of Porvoo, engaging in the production, distribution and sales of electricity, district heating and natural gas.

Raahen Energia Oy is an energy company owned by the City of Raahe. It distributes electricity network and district heating services to the people of Raahe.

Rantakairan Sähkö Oy is a company in Simo, owned by its customers, engaging in the production, distribution and sales of electricity to consumers in Simo and Kuivaniemi.

Rauman Energia Oy is an energy company owned by the City of Rauma, providing electricity and district heating services.

Rautaruukki plc supplies metal-based components, systems and assemblies for the construction and mechanical engineering industries. The company has a wide range of metal products and services. The manufacture and refining of iron and steel consume significant amounts of electricity. Rautaruukki operates in 25 countries and has about 15,000 employees, of which about 7,500 in Finland. The company's net sales in 2007 totaled EUR 3.9 billion, of which about 60% came from Finland and the other Nordic countries. The company's shares are listed. The company uses the trade name 'Ruukki'.

Rovakairan Tuotanto Oy is an electricity production company owned by the City of Rovaniemi and the Municipalities of Kittilä and Sodankylä.

Sallila Energia Oy is a privately owned energy company that procures, distributes and sells electricity in its operating area in Kanta-Häme.

Seinäjoen Energia Oy is a corporation owned by the City of Seinäjoki engaging in the production and sales of electricity and district heating.

Talvivaaran Kaivososakeyhtiö Oyj is an internationally important producer of basic medals which mainly focuses on production of nickel and zink. The Talvivaara polymetallic deposits in Sotkamo comprise one of the largest known sulphide nickel resources in Europe, sufficient to support an anticipated production for at least 46 years. Talvivaara's shares are listed on the main market of the London Stock Exchange and Nasdaq OMX Helsinki. The company is included in FTSE 250 index in London Stock Exchange.

Tammisaaren Energia is a utility owned by the City of Tammisaari engaging in the sales of electricity nationwide, the transmission of electricity in the city center of Tammisaari and the production, sales and transmission of district heating in Tammisaari and Karjaa.

Tornion Energia Oy is an energy company owned by the City of Tornio. Its core business consists of distributing electricity and district heating to its customers affordably, trustworthily and economically. The company engages distributing electricity as well as selling and distributing district heating.

Oy Turku Energia - Åbo Energi Ab is an energy corporation owned by the City of Turku; its core business consists of electricity and heating production, transmission and sales.

Uudenkaarlepyyn Voimalaitos is a utility owned by the City of Uusikaarlepyy engaging in the production and sales of electricity and heating.

Vaasan Sähkö concern is an energy corporation that distributes heat and electricity to its clients.

Vakka-Suomen Voima Oy (VSV Energiapalvelu Oy) engages in the production and sales of electricity. The majority of the company's shares are owned by private shareholders.

Valio Oy is a company owned by Finnish dairy producers engaging in the processing and marketing of mainly milk-based products. Valio's net sales total approximately EUR 1.7 billion, of which two thirds comes from Finland. The delivery of high quality products to customers requires electricity for refrigeration and for the operation of process equipment. Valio employs some 3,500 people in Finland.

Valkeakosken Energia Oy is a company owned by the City of Valkeakoski engaging in the delivery of electricity, district heating and natural gas and related services to its customers in the Valkeakoski area.

Vantaan Energia Oy produces, distributes and sells electricity, district heating and natural gas in Vantaa. Vantaan Energia is owned by the City of Vantaa (60%) and the City of Helsinki (40%).

Vatajankosken Sähkö Oy is an energy company owned by the Municipalities of Karvia and Kankaanpää engaging in the sales of electricity in northern Satakunta and district heating in Kankaanpää.

Vetelin Sähkölaitos Oy is a municipal electricity producer and distributor owned by the Municipality of Veteli.

Vimpelin Voima Oy is a mainly privately owned electricity company in the municipality of Vimpeli engaging in electricity transmission and sales and electrical contracting.

Ääneseudun Energia Oy is a company owned by the City of Äänekoski whose core business consists of electricity sales and transmission and the district heating and water business.



  1. http://www.handelsblatt.com/unternehmen/industrie/beteiligung-eon-zieht-sich-aus-letztem-akw-projekt-zurueck/7790040.html as at August 9, 2013
  2. http://www.yle.fi/uutiset/news/2011/10/new_nuclear_reactor_to_be_built_at_pyhajoki_2925634.html as at October 5, 2011
  3. 3.0 3.1 3.2 3.3 3.4 3.5 announced August 29, 2012 to not take part in financing Fennovoima nuclear power plant anymore; see: http://www.voimaosakeyhtio.fi/en/osakkaat.php as at August 9, 2013
  4. announced March 25, 2013 to not take part in financing Fennovoima nuclear power plant anymore; see: http://www.voimaosakeyhtio.fi/en/osakkaat.php as at August 9, 2013
  5. http://de.wikipedia.org/w/index.php?title=Pyh%C3%A4joki&oldid=118480285 as at August 8, 2013
  6. http://en.wikipedia.org/w/index.php?title=Fennovoima&oldid=557193416 as at August 8, 2013
  7. http://www.fennovoima.fi/en/fennovoima/media/press-releases/press-releases/fennovoima-continues-with-rosatom as at August 8, 2013
  8. 8.0 8.1 see media release as of March 14, 2012: http://www.voimaosakeyhtio.fi/en/tiedotteet.php as at August 9, 2013
  9. http://www.voimaosakeyhtio.fi/en/osakkaat.php as at August 9, 2013

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