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
IndustryPower Generation
Founded1943; 81 years ago (1943)[1]
Headquarters,
Websitewww.pohjolanvoima.fi

Shareholders

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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 and Stora Enso Oyj; other shareholders include power and utility companies owned by several municipalities. Shareholders can receive electricity from each power plant in proportion to their ownership of the shares issued for the same plant or group of plants (so called Mankala principle[3]) by paying the variable costs in proportion to the electricity actually delivered, while the fixed costs are distributed in proportion to the ownership.[4]

Carbon intensity

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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

Transmission grid

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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.[5]

See also

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References

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  1. ^ "Tutustu tarinaamme".
  2. ^ "YTJ Tietopalvelu".
  3. ^ Pohjolan Voima (June 2024). "The cost price Mankala operating model in electricity production" (PDF).
  4. ^ "Articles of association of Pohjolan Voima Oyj" (PDF). 2024-05-14.
  5. ^ Ammattiliitto Pro arvostelee metsäyhtiöitä osinkoahneudesta yle 14.5.2012