Fennovoima plans to build a 1,500-2,500 MW nuclear power plant in Finland. Fennovoima has three alternative locations: Pyhäjoki, Ruotsinpyhtää and Simo. In 2009 Fennovoima submitted an application for a decision-in-principle for the construction of a new nuclear power plant to the Finnish Government. The decision of the Government is expected in late 2009. After this the government's decision is submitted to the Parliament for approval. Permit and construction phase is to begin in 2012. The nuclear power plant starts its electricity production in 2020 the latest. The operation of the plant is scheduled to start by 2020.
In October 2009, the Finnish Radiation and Nuclear Safety Authority states that Fennovoima has the qualifications to construct a new nuclear power plant in Finland safely and in accordance with the nuclear energy act.
Fennovoima is owned by Voimaosakeyhtiö SF (66%) and E.ON Nordic (34%). Voimaosakeyhtiö SF is owned by 63 finnish regional and local energy companies as well as companies in trade and industry.
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