Pohjolan Voima Oy (PVO; English: Northern Power Company Ltd.) is the second biggest Finnish energy company, which owns

hydropower Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to produce electricity or to power machines. This is achieved by converting the gravitational potential or kinetic energy of ...

and

thermal power A thermal power station is a type of power station in which heat energy is converted to electrical energy. In a steam-generating cycle heat is used to boil water in a large pressure vessel to produce high-pressure steam, which drives a s ...

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 ( fi, Olkiluodon ydinvoimalaitos, sv, Olkiluoto kärnkraftverk) is one of Finland's two nuclear power plants, the other being the two-unit VVER Loviisa Nuclear Power Plant. The plant is owned and operated b ...

operator

Teollisuuden Voima Teollisuuden Voima Oyj (TVO; sv, Industrins Kraft Abp, 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. The compa ...

Oy. Major shareholders of Pohjolan Voima are Finnish pulp and paper manufacturers UPM Oyj (47,7%) and Stora Enso Oyj (15,6%). Other shareholders include power and utility companies owned by several municipalities. The energy produced by the company is distributed among its shareholders based on their ownership and the shareholders pay for the actual production costs (so called

Mankala principle The mancala games are a family of two-player turn-based strategy board games played with small stones, beans, or seeds and rows of holes or pits in the earth, a board or other playing surface. The objective is usually to capture all or some ...

). This arrangement allows for smaller power companies to participate in larger power station projects together and to benefit from the economics of scale.

Carbon intensity

Transmission grid

PVO sold its share of the

Fingrid Fingrid Oyj is a Finnish national 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 Oy and Pohjolan Voima s ...

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 sv, Stora and fi, Enso ) is a manufacturer of pulp, paper and other forest products, headquartered in Helsinki, Finland. The majority of sales takes place in Europe, but there are also significant operations in Asia and ...

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