Teollisuuden Voima Oyj (TVO), owner of the Olkiluoto nuclear power plants and The European Investment Bank (EIB) signed a new loan agreement of EUR 90 million to finance the investment project for the Olkiluoto 1 (OL1) and Olkiluoto 2 (OL2) plant units, said TVO in a press release on Thursday.
Over the coming years, the investment project will involve the modernization of automation and control systems as well as the replacement of steam separators in the OL1 and OL2 reactor units.
“By supporting safety upgrades at Olkiluoto, we are helping Finland strengthen its energy mix with reliable, low-carbon power,” said EIB Vice-President Karl Nehammer in the press release.
This investment supports Finland’s energy independence and contributes to the EU’s goals of ensuring secure and clean electricity for homes and businesses.
“Long-term financing from the European Investment Bank is an excellent complement to our capital market-based debt funding,” said Lauri Piekkari, Senior Vice President, Treasury of TVO.
The operation contributes to the EU’s strategic objective of having competitive, emissions-free and secure energy.
- EIB
- Loan
- Olkiluoto
- Nuke
- Plants
Source: www.dailyfinland.fi
