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POHJOLAN VOIMA OYJ'S JOINT VENTURE TEOLLISUUDEN VOIMA OYJ ANNOUNCED THAT OL3 EPR'S REGULAR ELECTRICITY GENERATION STARTS IN JULY 2020

POHJOLAN VOIMA OYJ STOCK EXCHANGE RELEASE 17 JULY 2019 AT 14:45 EEST

POHJOLAN VOIMA OYJ'S JOINT VENTURE TEOLLISUUDEN VOIMA OYJ ANNOUNCED THAT OL3 EPR'S REGULAR ELECTRICITY GENERATION STARTS IN JULY 2020

Pohjolan Voima Oyj's joint venture Teollisuuden Voima Oyj announces that TVO has received an updated schedule for the commissioning of the OL3 EPR plant unit from the plant supplier Areva-Siemens Consortium. According to the received information, the regu-lar electricity generation at the OL3 plant unit will start in July 2020.

In spring 2019, the plant supplier Areva-Siemens Consortium announced that it will update the schedule for completing the Olkiluoto 3 EPR project since the modification outage work carried out at the plant unit was not progressing as expected and that it will provide an updated schedule to TVO in summer 2019.

According to the plant supplier, nuclear fuel will be loaded into the reactor in January 2020, the first connection to the grid will take place in April 2020, and the start of regular electricity production of the OL3 EPR nuclear power plant unit will take place in July 2020. According to the commissioning prog-ram, the unit will produce 1-3 terawatt hours with varying power levels during the test program, which will begin from the connection to the grid and will end to the beginning of regular electricity production. Regular electricity production was previously planned to start in January 2020.

The re-baseline schedule has been updated with the plant supplier, who still remains responsible for keeping the schedule.

TVO, a 57% owned joint venture of PVO, produces electricity with two nuclear power plant units located in Olkiluoto, Eurajoki (OL1 and OL2).

Distribution:
Nasdaq Helsinki
www.pohjolanvoima.fi

Further enquiries:

CEO Ilkka Tykkyläinen, Pohjolan Voima Oyj, +358 40 670 6056, ilkka.tykkylainen@pvo.fi
CFO Minna Laakso, Pohjolan Voima Oyj, +358 40 506 0802, minna.laakso@pvo.fi

 

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