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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Finland : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    30/09/2016 : € 100,000,000

    Summary sheet

    Release date
    7 June 2016
    Status
    Reference
    Signed | 30/09/2016
    20150675
    Project name
    Promoter - financial intermediary
    TVO SAFETY IMPROVEMENTS
    TEOLLISUUDEN VOIMA OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 227 million
    Location
    Sector(s)
    Description
    Objectives

    Investment in safety improvements including replacement of emergency diesel generators and reactor internal pumps, as well as introduction of a new additional emergency feedwater system at the Olkiluoto (Finland) nuclear power plant

    The project will contribute to improvements in safety and reliability of low-carbon electricity supply.

    Environmental aspects
    Procurement

    Based on technical characteristics of the safety upgrade investment project schemes they will not require environmental impact assessments. The project works are planned to be implemented at an existing operational site and they are mostly related to replacement of existing equipment. The project activities are expected to have minimal environmental impact. The typically anticipated impact is mainly temporary and relates to construction and installation works and can usually be well managed by appropriate measures taken during project implementation.

    The promoter is a private company operating in the utilities sector; however the electricity sector in Finland, based on an exemption granted by the European Commission, is not subject to EU rules on public procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - TVO SAFETY IMPROVEMENTS
    Publication Date
    23 Sep 2016
    Document language
    Main Topic
    Lending
    Document Number
    66770733
    Document Focus
    Environmental Information
    Project Number
    20150675
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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