A group of Finnish companies founded Voimaosakeyhtiö SF in 2007. Same year Fennovoima’s nuclear power plant project was started. In 2011 Fennovoima decided that its nuclear power plant will be built to Pyhäjoki.
Voimaosakeyhtiö SF operates like a co-operative. All shareholders will get the electricity generated by Fennovoima’s future nuclear power plant at cost price in proportion to their ownership.
Fennovoima supports Finland’s competitiveness and the operations of its owner companies. The project increases Finland’s self-sufficiency in electricity generation and strengthens the security of supply. According to the agreed schedule, the power plant will generate electricity for its owners at cost price starting from 2024. The power plant will employ directly thousands of people during construction period and generates durable demand for various services in Finland and especially in Northern Ostrobothnia.
The company’s line of business
The line of business of the company is to deliver energy to its shareholders and other activities related to this. The company owns shares of the Limited Company Fennovoima and may also own shares of other companies whose line of business is production, transmission and delivery of electricity and other forms of energy.
Board of Directors
Chairman of the Board is Pertti Laukkanen. Board members are Kimmo Karihtala, Marko Haapala, Sakari Kallo, Stefan Storholm, Jarmo Kurikka, Sasu Valkamo, Timo Honkanen and Risto Kantola.
Jussi Lehto acts as the CEO of Voimaosakeyhtiö SF.