Pohjolan Voima Oyj (PVO; ; ) is the second biggest Finnish energy company, which owns

hydropower Hydropower (from Ancient Greek -, "water"), also known as water power or water energy, is the use of falling or fast-running water to Electricity generation, produce electricity or to power machines. This is achieved by energy transformation, ...

and

thermal power A thermal power station, also known as a thermal power plant, is a type of power station in which the heat energy generated from various fuel sources (e.g., coal, natural gas, nuclear fuel, etc.) is converted to electrical energy. The heat ...

plants (including biofuel-fired power plants).

Shareholders

Pohjolan Voima is a founder and main shareholder of the

Olkiluoto Nuclear Power Plant The Olkiluoto Nuclear Power Plant (, ) is one of Finland's two nuclear power plants, the other being the two-unit Loviisa Nuclear Power Plant. The plant is owned and operated by Teollisuuden Voima (TVO), and is located on Olkiluoto Island, on th ...

operator

Teollisuuden Voima Teollisuuden Voima Oyj (TVO; , Industrial Power Corporation) is a Finnish nuclear power company owned by a consortium of power and industrial companies. The biggest shareholders are Pohjolan Voima and Fortum. Olkiluoto The company operates ...

Oyj. Major shareholders of Pohjolan Voima are Finnish pulp and paper manufacturers UPM-Kymmene Oyj and Stora Enso Oyj; other shareholders include power and utility companies owned by several municipalities. Shareholders can receive electricity from each power plant in proportion to their ownership of the shares issued for the same plant or group of plants (so called Mankala principle) by paying the variable costs in proportion to the electricity actually delivered, while the fixed costs are distributed in proportion to the ownership.

Carbon intensity

Transmission grid

PVO sold its share of the

Fingrid Fingrid Oyj is a Finland, Finnish national electrical grid, electricity transmission grid operator. It is owned by the Finnish state (53.1%) and various financial and insurance institutions (46.9%). In 2011, power companies Fortum Power and Heat ...

national electricity transmission grid operator with €247.4 million in April 2011. Income was delivered total to the owners in 2012. Biggest shares were UPM/Myllykoski €109 million and

Stora Enso Stora Enso Oyj (from and ) is a Finnish and Swedish forest industry company. It develops and produces various materials, mostly based on wood, for a range of industries and applications worldwide. It has headquarters in Helsinki, Finland, an ...

ca €37 million.Ammattiliitto Pro arvostelee metsäyhtiöitä osinkoahneudesta
yle 14.5.2012

References

Companies based in Helsinki Electric power companies of Finland Energy companies established in 1943 1943 establishments in Finland {{Finland-company-stub

Shareholders

Carbon intensity

Transmission grid

See also

References