Swiss Journalists 15th August 2014 Pasi Tuohimaa Head of Communications, Corporate Relations © Teollisuuden Voima Oyj © Teollisuuden Voima Oyj 2 © Teollisuuden Voima Oyj 3 FINLAND NEEDS NEW CO2 FREE ELECTRICITY PRODUCTION Climate change Electricity Supply by Energy Sources 2013 (83,9 TWh) • reduction of greenhouse gas Oil emissions Hydro power 0,3 % 19,5 % Nuclear power Cost of energy 25,9 % • for industries, services and households Energy availability Net imports Waste 20,5 % fuels • self-sufficiency, safety and 1,1 % security Peat 4,0 % Coal Replace fossil fuels with 11,8 % Wind power nuclear and renewables 0,9 % Bio fuel Natural gas 12,8 % 8,1 % Source: Finnish Energy Industries © Teollisuuden Voima Oyj 4 FINNISH PEOPLE THINK THAT THE USE OF NUCLEAR% POWER… 80 is on a Sopiva tai lisätä 58 %suitable level % 70 or should be increased 62% 60 50 * 40 30 20 Vähentää 35 % 10 should be reduced 29% 0 1986 1989 1992 1995 1998 2001 2004 2007 2012 2013 IRO Research: Finnish energy attitudes 2013,December 2013, n=1078 *The 2011 survey was conducted in the week of the Fukushima accident © Teollisuuden Voima Oyj 5 PUBLIC ACCEPTANCE THROUGH TRANSPARENCY AND LOCAL COMMUNITY INVOLVEMENT Construction permit from the municipality Approval from the municipality Statement from Operating the municipality License Construction License Decision-In- Government Environmental Principle Impact Government Assessment Government, Parliament Ministry of Trade and Industry Openness and transparency: Stakeholder involvement and dialog, public hearings, visits to the site, online and all other communications tools and methods © Teollisuuden Voima Oyj 6 INTERACTIVE COOPERATION WITH THE COMMUNITY SINCE THE START OF OPERATION • Municipal Cooperation Committee since 1970s • Cooperation Group of municipality of Eurajoki since 1995 • Local school cooperation and Science and technology camps for elementary school children • Close cooperation with universities and institutes of different levels • Annual seminars for local businesses and national experts • Versatile means and media for fast and open communication • Sponsoring sports, culture, science and non-profit activities © Teollisuuden Voima Oyj 7 ACTIVE DIALOGUE In our Visitor Centre and Electricity from Uranium –scientific exhibition attracts appr 20 000 visitors every year ~ 15 000 group members ~ 5 000 travellers ~ 3 000 international visitors In addition, TVO is represented in different e.g. • Trade fairs • Exhibitions • Seminars © Teollisuuden Voima Oyj 8 TVO – WELL-BEING WITH NUCLEAR ELECTRICITY • Over 35 years of reliable Finnish electricity production. • Annual production above14 TWh. • 17 % of electricity consumed in Finland. • Some 1600 experts in regular employment in Olkiluoto, about 900 of which employed by TVO. • Ranks among world’s top companies in nuclear waste management. • Subsidiary TVO Nuclear Services Oy and jointly owned company Posiva Oy. © Teollisuuden Voima Oyj 10 ELECTRICITY AT COST PRICE TO FINLAND Owners of TVO: • Pohjolan Voima Oy 58.5% • Fortum Power and Heat Oy 25.8% • Oy Mankala Ab 8.1% • EPV Energia Oy 6.5% • Kemira Oyj 1.0% • Karhu Voima Oy 0.1% Ownership structure: • Industrial companies 44% • Territorial energy companies 30%* • Fortum 26%** Shareholders’ industrial localities * 65 companies owned by 135 municipalities ** stock listed, partly state-owned energy company Municipalities behind TVO © Teollisuuden Voima Oyj 11 A PERIOD OF MAJOR PROJECTS IN OLKILUOTO • OL1 and OL2 – continuous improvement through modernization projects – 2018 renewal of operating licence • OL3 - a new generation EPR reactor under construction – towards commissioning • OL4 – bidding and engineering phase • All aspects of nuclear waste management on one island – Operating waste repository 20 years – Extension of interim storage for spent fuel – Final disposal facility for spent fuel under preparation © Teollisuuden Voima Oyj 12 13 SAFETY ACCORDING TO THE PRINCIPLE OF CONTINUOUS IMPROVEMENT • TVO’s corporate culture = safety culture • Several physically separated and diverse systems for reactor shutdown, cooling and pressure management. • Abundant water reserves and multiple power supply backup systems. • Nuclear safety risks have been analysed and safety features improved throughout the operation • Stress tests: Identified strengths of Olkiluoto plant • Severe accident management system • Multiple supplies of electric power and water reserves • To be developed further: Ability to survive situations where all power supplies are lost simultaneously for a long time © Teollisuuden Voima Oyj 14 STABLE AND RELIABLE PRODUCTION production (TWh) load factor (%) 16 95,3 96,7 96,3 96,3 96,1 95,6 96,0 95,1 100 93,6 94,1 94,1 92,8 91,6 14,6 14,2 14,2 14,4 14,5 14,2 86,3 87,4 87,7 14,2 14,2 90 14 83,6 12,5 80 11,8 11,7 12 70,1 11,4 11,6 10,8 10,9 70 9,9 10 60 8,0 8 50 42,8 6 40 30,0 5,0 30 4 3,5 20 2 10 2,7 0,1 0 0 1989 2010 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2011 2012 2013 © Teollisuuden Voima Oyj 15 OL3 TOWARDS COMMISSIONING © Teollisuuden Voima Oyj 28.4.2014 NUCLEAR WASTE MANAGEMENT IN FINLAND Teollisuuden Voima Oyj Fortum Power and Heat Oy In future Olkiluoto nuclear power plant Interim storage of Interim storage of Loviisa nuclear power plant spent nuclear fuel spent nuclear fuel Posiva Oy Operating waste Operating waste repository repository Final disposal of spent nuclear fuel © Teollisuuden Voima Oyj COMPLETE NUCLEAR WASTE MANAGEMENT IN OLKILUOTO SPENT FUEL INTERIM STORAGE FACILITY OPERATING WASTE Cooling of fuel assemblies removed REPOSITORY from reactor building in water pools Final disposal of excavated in rock DECOMMISSIONING intermediate and low level WASTE REPOSITORY waste Space reservation for decommissioning waste SPENT NUCLEAR FUEL REPOSITORY The underground research facility ONKALO © Teollisuuden Voima Oyj 19 SPENT FUEL INTERIM STORAGE FACILITY The fuel is cooled down in the cooling pools of the interim storage facility for several decades before it can be finally disposed of The water in the pools stops the radiation emitted by the spent fuel and further cools it down © Teollisuuden Voima Oyj 20 FINAL REPOSITORY FOR OPERATING WASTE © Teollisuuden Voima Oyj 21 EXISTING SOLUTION FOR FINAL DISPOSAL FOR SPENT NUCLEAR FUEL • Extensive research since 1970s -> the method to be applied in Finland • Final disposal in a robust and strong copper canister with a cast iron insert. • Embedded in solid Finnish bedrock at a depth of 400-450 meters. • All costs are borne by the producers, collected in advance in electricity price and stored into the State Nuclear Waste Management Fund • 1995 TVO and Fortum established Posiva Oy to manage their spent fuel produced in Finland © Teollisuuden Voima Oyj 22 UNDERGROUND ROCK CHARACTERIZATION FACILITY, ONKALO Access tunnel Demonstration tunnel 420 m Technical tunnels 455 m © Teollisuuden Voima Oyj 23 THANK YOU © Teollisuuden Voima Oyj .