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| Industry | Power Generation |
|---|---|
| Founded | 1943 [1] |
| Headquarters | , |
| Website | www.pohjolanvoima.fi |
Pohjolan Voima Oyj (PVO; Swedish : Nordkraft Abp; English: Northern Power Company Plc [2] ) is the second biggest Finnish energy company, which owns hydropower and thermal power plants (including biofuel-fired power plants).
Pohjolan Voima is a founder and main shareholder of the Olkiluoto Nuclear Power Plant operator Teollisuuden Voima Oyj.
Major shareholders of Pohjolan Voima are Finnish pulp and paper manufacturers UPM-Kymmene Oyj (47,7%) and Stora Enso Oyj (15,6%). Other shareholders include power and utility companies owned by several municipalities. The energy produced by the company is distributed among its shareholders based on their ownership and the shareholders pay for the actual production costs (so called Mankala principle). This arrangement allows for smaller power companies to participate in larger power station projects together and to benefit from the economics of scale.
| Year | Production (TWh) | Emission (Gt CO2) | kg CO2/MWh |
|---|---|---|---|
| 2002 | 16 | 6 | 375 |
| 2003 | 18 | 6.07 | 337 |
| 2004 | 18 | 4.95 | 280 |
| 2005 | 13 | 1.67 | 126 |
| 2006 | 18 | 4.73 | 264 |
| 2007 | 17 | 4.25 | 250 |
| 2008 | 22 | 2.92 | 131 |
| 2009 | 22 | 2.88 | 131 |
PVO sold its share of the Fingrid national electricity transmission grid operator with €247.4 million in April 2011. Income was delivered total to the owners in 2012. Biggest shares were UPM/Myllykoski €109 million and Stora Enso ca €37 million. [3]
UPM-Kymmene Oyj is a Finnish forest industry company. UPM-Kymmene was formed by the merger of Kymmene Corporation with Repola Oy and its subsidiary United Paper Mills Ltd in 1996. UPM consists of six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. The Group employs around 17,000 people and it has production plants in 11 countries. UPM shares are listed on the NASDAQ OMX Helsinki stock exchange. UPM is the only paper company which is listed in the global Dow Jones Sustainability Index and also a member of the United Nations Global Compact organization.
Stora Enso Oyj develops and produces solutions based on wood and biomass for a range of industries and applications worldwide. They have headquarters in Helsinki, Finland and Stockholm, Sweden. The majority of sales takes place in Europe, but there are also significant operations in Asia and South America. Stora Enso was formed in 1998, when the Swedish mining and forestry products company Stora AB merged with the Finnish forestry products company Enso Oyj. In 2021, the average number of employees was over 23,000. In 2015, Stora Enso was ranked seventh in the world by sales and fourth by earnings, among forest, paper and packaging industry companies. For the first two quarters of 2018, the company was ranked second by net earnings among European forest and paper industry companies. The corporate history can be traced back to the oldest known preserved share certificate in the world, issued in 1288. Based on this, some observers consider Stora Enso to be the oldest limited liability company in the world.
Svenska Cellulosa AB is a Swedish forest industry company with headquarters in Sundsvall.
PVO may refer to:
Kemijoki, with its 550 km (340 mi) length, is the longest river in Finland. It runs through Kemijärvi and Rovaniemi before reaching the Gulf of Bothnia at Kemi.
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange.
Estlink is a set of HVDC submarine power cables between Estonia and Finland. Estlink 1 is the first interconnection between the Baltic and Nordic electricity markets followed by Estlink 2 in 2014. The main purpose of the Estlink connection is to secure power supply in both regions to integrate the Baltic and Nordic energy markets.
Neste Oyj is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products, provides engineering services, and licenses production technologies. Neste has operations in 14 countries.
Ahlstrom-Munksjö Oyj is a manufacturer of fiber-based products. Renewable fibers represent about 95% of Ahlstrom's total fiber use.
Fingrid Oyj is a Finnish national electricity transmission grid operator. It is owned by the Finnish state (53.1 %) and various financial and insurance institutions (46.9 %). CEO of the company is Jukka Ruusunen.
Renewable energy in Finland grew to 38.7% of total final energy consumption by year end 2014, achieving joint second position with Latvia in terms of renewable energy consumption by share amongst the EU-28 countries, behind its neighbour Sweden in first position on a 52.6% share. The 2014 share in Finland breaks down as renewable energy providing 52% of the heating and cooling sector, 31.4% of the electricity sector and 21.6% of the transport sector. By 2014, Finland had already exceeded its 2020 target for renewable energy use under the EU renewable energy directive as shown in the table of country targets.
Teollisuuden Voima Oyj is a Finnish nuclear power company owned by a consortium of power and industrial companies.
Energy in Finland describes energy and electricity production, consumption and import in Finland. Energy policy of Finland describes the politics of Finland related to energy. Electricity sector in Finland is the main article of electricity in Finland.
The electricity sector in Finland relies on nuclear power, renewable energy, cogeneration and electricity import from neighboring countries. Finland has the highest per-capita electricity consumption in the EU. Co-generation of heat and electricity for industry process heat and district heating is common. Finland is one of the last countries in the world still burning peat.
Fennovoima Ltd is a nuclear power company established by Russian state's nuclear company Rosatom and a consortium of Finnish state-owned power and industrial companies.
Coal is used as an energy source in Finland. Since Finland has no domestic coal production, it must import all of it from other countries, primarily from Russia. Finland is a peat-producing nation. Peat is classified as coal by the IEA. In 2016, the Finnish government announced plans to phase out coal by 2030.
Energy policy of Finland describes the politics of Finland related to energy. Energy in Finland describes energy and electricity production, consumption and import in Finland. Electricity sector in Finland is the main article of electricity in Finland.
Empower is a service company which operates in energy, industry and telecom sectors in the Nordic countries and in the Baltic region. Empower is part of Enersense International Oyj.
Orthex Oyj is a Finnish company that manufactures and markets plastic household products such as storage boxes, kitchenware and utensils. Orthex has manufactured some of the very common items in Finnish homes. In the example over 8 of 10 households owned the Orthex freezer box Jäänalle and the 10-liter bucket according to a survey conducted by Ilta-Sanomat in 2019. Orthex's classic sled was described as the most common kids sled over the years by Helsingin Sanomat in 2005.
The Vaskiluoto power stations complex situated on the Gulf of Bothnia island of Vaskiluoto in Vaasa, Finland, comprises three separate power stations connected to the Finnish national grid, Fingrid.
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