Fortum has initiated an Environmental Impact Assessment procedure for the Loviisa nuclear power plant. The procedure will assess the environmental impacts of a potential extension of the operation of the power plant or, alternatively, the decommissioning of the power plant, as well as the environmental impacts of the final disposal facility for low- and intermediate-level waste. 

“Loviisa power plant’s current operating licences are valid until the end of 2027 and 2030. In this procedure, we will assess the impacts of both the extension of the commercial operation and the decommissioning of the power plant on the environment, public health and safety, and on the surrounding community and the economy,” said Loviisa deputy director Thomas Buddas.

“In terms of the technology, the Loviisa power plant is in good shape and meets the current safety requirements. The environmental impact assessment that will now be conducted will help us to collect data for a possible new operating licence application”.

The EIA procedure has two phases and will take about eighteen months. The first programme phase contains the Fortum plan on the environmental impact assessment and on the arrangement of communications and participation. Based on the EIA programme and the statements and opinions about it, an environmental impact assessment will be carried out, the results of which will be presented in the Environmental Impacts Assessment report. 

The co-ordinating authority in the EIA procedure is the Ministry of Economic Affairs and Employment, and the Ministry of the Environment is responsible for the international hearing. 

Fortum believes that nuclear power is needed in its role as a carbon dioxide emission-free, reliable source of energy that is not dependent on the weather, important to today’s imperatives of producing energy and mitigating climate change.

In 2019, the load factor Loviisa nuclear power plant was 92.4%. Fortum’s investments in the Loviisa power plant have totalled about euros 450 million. In 2019, the power plant produced a total of 8.2 TWh (net), which is more than 10% of Finland’s electricity production.