Fortum Oyj : Loviisa nuclear power plant’s EIA procedure receives Ministry’s informed conclusion .

FORTUM CORPORATION, LOCAL RELEASE 14.1.2022

The Ministry of Economic Affairs and Employment (MEAE) has on 14.1.2022 given its informed conclusion on the Fortum [Power and Heat Oy] Loviisa nuclear power plant's Environmental Impact Assessment report. The coordinating authority in the EIA procedure is the MEAE, and the Ministry of the Environment is responsible for the international hearing. The project also applied the cross-border environmental impact assessment procedure in line with the so-called Espoo Convention.

The procedure started in August 2020 assessed the extension of the power plant's operations by a maximum of 20 years and two different decommissioning alternatives, as well as the environmental impacts of the final disposal facility for low- and intermediate-level radioactive waste.

In its informed conclusion, the Ministry of Economic Affairs and Employment states that the assessment report meets the requirements of EIA legislation. The alternatives examined were not found to have such significant adverse environmental impacts that could not be accepted, prevented or mitigated to an acceptable level.

"This historical EIA procedure, the first ever in Finland related to the lifetime extension and decommissioning of a nuclear power plant, involved a broad group of representatives from various stakeholders. I want to thank everyone who participated in this process," notes Thomas Buddas, Deputy Director, Loviisa nuclear power plant.

This EIA procedure is completed with the MEAE's informed conclusion on the EIA report. The EIA report and the coordinating authority's reasoned conclusion will be included as part of possible licence applications. Fortum has not yet made a decision on applying for licences for the Loviisa power plant and estimates that it will have a decision-making readiness in 2022.

Fortum Corporation
Communications

Further information:
Thomas Buddas, Deputy Director, Loviisa power plant, tel. [phone]
Media contacts: Pia Fast, Communications Manager, pia[dot] fast[at] fortum[dot] com,
tel. [phone]

MEAE Release, 14.1.2022: Ministry of Economic Affairs and Employment submits informed conclusion on EIA report of Loviisa nuclear power

Fortum Loviisa power plant's Environmental Impact Assessment procedure website: www.fortum.com/loviisaeia

Loviisa nuclear power plant
In 2021, the load factor at Fortum's fully-owned Loviisa nuclear power plant was 92.9%. The continuous development and modernisation of the power plant enable load factors that are among the best for pressurised water reactors on an international scale. During the past five years, Fortum's investments in the Loviisa power plant have totalled about EUR 325 million. In 2021, the power plant produced a record-high total of 8.2 terawatt-hours (net) of electricity, which is more than 10% of Finland's electricity production. Fortum employs about 700 nuclear sector professionals, 530 of them work at the Loviisa power plant. Additionally, nearly 100 permanent employees of other companies work in the power plant area every day. More information: www.fortum.com/loviisa