Pohjolan Voima
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Pohjolan Voima
Pohjolan Voima Oy (PVO; English: Northern Power Company Ltd.) is the second biggest Finnish energy company, which owns hydropower and thermal power plants (including biofuel-fired power plants). Shareholders Pohjolan Voima is a founder and main shareholder of the Olkiluoto Nuclear Power Plant operator Teollisuuden Voima Oy. Major shareholders of Pohjolan Voima are Finnish pulp and paper manufacturers UPM 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. Carbon intensity Transmission grid PVO sold its share of the Fingrid national electricity transmission grid op ...
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Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland across Estonia to the south. Finland covers an area of with a population of 5.6 million. Helsinki is the capital and largest city, forming a larger metropolitan area with the neighbouring cities of Espoo, Kauniainen, and Vantaa. The vast majority of the population are ethnic Finns. Finnish, alongside Swedish, are the official languages. Swedish is the native language of 5.2% of the population. Finland's climate varies from humid continental in the south to the boreal in the north. The land cover is primarily a boreal forest biome, with more than 180,000 recorded lakes. Finland was first inhabited around 9000 BC after the Last Glacial Period. The Stone Age introduced several differ ...
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Hydropower
Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to Electricity generation, produce electricity or to power machines. This is achieved by energy transformation, converting the Potential energy, gravitational potential or kinetic energy of a water source to produce power. Hydropower is a method of sustainable energy production. Hydropower is now used principally for Hydroelectricity, hydroelectric power generation, and is also applied as one half of an energy storage system known as pumped-storage hydroelectricity. Hydropower is an attractive alternative to fossil fuels as it does not directly produce Carbon dioxide in Earth's atmosphere, carbon dioxide or other Air pollution, atmospheric pollutants and it provides a relatively consistent source of power. Nonetheless, it has economic, sociological, and environmental downsides and requires a sufficiently energetic source of water, such as a river or elevated lake. Int ...
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Thermal Power
A thermal power station is a type of power station in which heat energy In thermodynamics, heat is defined as the form of energy crossing the boundary of a thermodynamic system by virtue of a temperature difference across the boundary. A thermodynamic system does not ''contain'' heat. Nevertheless, the term is al ... is converted to electrical energy. In a steam-generating cycle heat is used to boil water in a large pressure vessel to produce high-pressure steam, which drives a steam turbine connected to an electrical generator. The low-pressure exhaust from the turbine enters a steam condenser where it is cooled to produce hot Condensation, condensate which is recycled to the heating process to generate more high pressure steam. This is known as a Rankine cycle. The design of thermal power stations depends on the intended energy source: fossil fuel, nuclear power, nuclear and geothermal power, solar energy, biofuels, and waste incineration are all used. Certain the ...
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Olkiluoto Nuclear Power Plant
The Olkiluoto Nuclear Power Plant ( fi, Olkiluodon ydinvoimalaitos, sv, Olkiluoto kärnkraftverk) is one of Finland's two nuclear power plants, the other being the two-unit VVER Loviisa Nuclear Power Plant. The plant is owned and operated by Teollisuuden Voima Oyj (TVO), a subsidiary of Pohjolan Voima, and is located on Olkiluoto Island, on the shore of the Gulf of Bothnia, in the municipality of Eurajoki in western Finland, about 20 kilometres from the town of Rauma and about 50 kilometres from the city of Pori. The Olkiluoto plant consists of two boiling water reactors (BWRs), each producing 890  MW of electricity, together comprising 22% of the country's electricity generation for 2020. A third reactor, Unit 3, reached first criticality in late 2021, and at a nameplate capacity of 1,600 MW net electric output, will by itself satisfy 14% of the country's electricity demand. Unit 3 is an EPR reactor and has been under construction since 2005. The start of commercial ...
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Teollisuuden Voima
Teollisuuden Voima Oyj (TVO; sv, 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 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. On 21 April 2010, the Government of Finland decided to grant a permit for construction of fourth reactor at Olkiluoto. The decision was approved by the Parliament on 1 July 2010. In 2014 this permit expired, and was not renewed b ...
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Pulp And Paper Industry
The pulp and paper industry comprises companies that use wood as raw material and produce pulp, paper, paperboard and other cellulose-based products. Manufacturing process The pulp is fed to a paper machine where it is formed as a paper web and the water is removed from it by pressing and drying. Pressing the sheet removes the water by force. Once the water is forced from the sheet, a special kind of felt, which is not to be confused with the traditional one, is used to collect the water. Whereas, when making paper by hand, a blotter sheet is used instead. Drying involves using air or heat to remove water from the paper sheets. In the earliest days of paper making, this was done by hanging the sheets like laundry. In more modern times, various forms of heated drying mechanisms are used. On the paper machine, the most common is the steam heated can dryer. History of the paper industry Papermaking as a craft is ancient, and for centuries it used various fibers, mainly grasses ...
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UPM (company)
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 12 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 the only forest industry company invited to the United Nations Global Compact LEAD sustainability leadership platform. UPM is the owner and maintainer of the Verla mill, which has been a museum since 1972 and a UNESCO World Heritage Site since 1996. History The company's oldest mill was Papeteries de Docelles located in northeastern France, which produced traditional handpaper at the end of 15th century. The mill got its fi ...
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Stora Enso
Stora Enso Oyj (from sv, Stora and fi, Enso ) is a manufacturer of pulp, paper and other forest products, headquartered in Helsinki, Finland. 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. History Stora Enso was ...
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Mankala Principle
The mancala games are a family of two-player turn-based strategy board games played with small stones, beans, or seeds and rows of holes or pits in the earth, a board or other playing surface. The objective is usually to capture all or some set of the opponent's pieces. Versions of the game date back past the 3rd century and evidence suggests the game existed in Ancient Egypt. It is among the oldest known games to still be widely played today. Names and variants The name is a classification or type of game, rather than any specific game. Some of the most popular mancala games (concerning distribution area, the numbers of players and tournaments, and publications) are: * Ayoayo, played by the Yoruba people in Nigeria; similar to Oware * Alemungula or gebeta (ገበጣ)– played in Sudan and Ethiopia. * Ali Guli Mane or Pallanguzhi – played in Southern India. * Bao la Kiswahili – played in most of East Africa including Kenya, Tanzania, Comoros, Malawi, as well as ...
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Fingrid
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 %). In 2011, power companies Fortum Power and Heat Oy and Pohjolan Voima sold their stakes in Fingrid (25% each), because of EU Internal Market Directive in Electricity, which requires that power production and ownership of the transmission systems should be separate. CEO of the company is Jukka Ruusunen. The transmission from and to the Russian network was interrupted by the Russian side on May 13, 2022. See also *Energy in Finland *European Network of Transmission System Operators for Electricity ENTSO-E, the European Network of Transmission System Operators, represents 39 electricity transmission system operators (TSOs) from 35 countries across Europe, thus extending beyond EU borders. ENTSO-E was established and given legal mandates by ... (ENTSO-E) References External links * Companies based in H ...
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Energy In Finland
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. Finland lacks domestic sources of fossil energy and must import substantial amounts of petroleum, natural gas, and other energy resources, including uranium for nuclear power. Energy consumption in Finland per capita is the highest in European Union. Reasons for this include industries with high energy consumption (half of energy is consumed by industry), high standards of living, cold climate (25% of consumption is used in heating) and long distances (16% of consumption is used in transport). Finland and Estonia are two of the last countries in the world still burning peat. Overview There was no sustainable decline in CO2 emission in Finland during 1990–2007. The energy use decline 2008–2009 is based on recession and a ...
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Companies Based In Helsinki
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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