Pohjolan Voima Oy (PVO; English: Northern Power Company Ltd.) is the second biggest Finnish energy company, which owns

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 Pot ...

and

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 ...

plants (including biofuel-fired power plants).

Shareholders

Pohjolan Voima is a founder and main shareholder of the

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 ...

operator

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 ...

Oy. Major shareholders of Pohjolan Voima are

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

pulp and paper manufacturers UPM Oyj (47,7%) and

Stora Enso Oyj 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 S ...

(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 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 sol ...

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 UPM may refer to: * Ultra-pure metal * UPM (company), UPM-Kymmene Oyj, a pulp and paper company * Union pour la méditerrannée, Mediterranean Community * Union for a Popular Movement, opposition party of France * Unit production manager, someone ...

/Myllykoski €109 million and

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 S ...

ca €37 million.Ammattiliitto Pro arvostelee metsäyhtiöitä osinkoahneudesta
yle 14.5.2012

References

Companies based in Helsinki Electric power companies of Finland Energy companies established in 1943 1943 establishments in Finland {{Finland-company-stub