Teollisuuden Voima Oyj (TVO; Swedish: 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 company operates Olkiluoto Nuclear Power Plant, which consists of two BWRs (boiling water reactors), an EPR (European Pressurized Reactor) which reached first criticality in 2021, and formerly one half of a coal-fired power plant along with a wind farm. The third reactor at Olkiluoto was expected to be ready in 2009, but last estimate is 2021. TVO has filed compensation claim for delays, and Areva-Siemens have counter-claimed against TVO. Arbitrators at the International Chamber of Commerce are considering the claims. More information...
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