POHJOLAN VOIMA COMBINES RESOURCES
POHJOLAN VOIMA COMBINES RESOURCES Pohjolan Voima s joint resources increase our customers competitive advantage through providing efficient and innovative energy services skilfully, boldly, together. Our priorities are hydropower, thermal power and nuclear power.
Pohjolan Voima s shareholders are also its customers: a wide range of Finnish industrial and energy companies. We deliver electricity and heat at cost price, helping secure the success of our customers. Our operations create jobs and wellbeing for society as a whole. We provide efficient and innovative energy services for our customers. The services combine the strong resources and solid expertise of our shareholders, the company, and our networks. Our energy services are the result of our comprehensive power plant ownership and energy delivery operations. We manage our power plants in a responsible manner throughout their operational lives. We identify and prepare projects, design, build, own, operate and maintain power plants and, when they reach the end of their operational life, we decommission them. Our efficiency and expertise is best demonstrated in largescale projects. We focus on hydropower, thermal power and nuclear power, and are determined to increase the proportion of low-emission production capacity. Our expertise is built on long experience and our ability to utilise the resources of our extensive networks. We seek and implement innovative energy solutions for tomorrow s challenges. Examples of our pioneering operations include the Jumisko tunnel hydropower plant, our extensive bioenergy programme, the biogasifier operated by our associate company Vaskiluodon Voima, the safe and reliable Olkiluoto nuclear power plant units and our investments in the development of biocoal to replace coal. Our determined investment policy will increase the proportion of carbon-free production to 90 per cent within a few years. Since the turn of the millennium, we have invested a total of 4 billion euros in carbon-free production capacity. More than 1.5 billion euros of this has been directed at renewable energy sources. As a joint resources operator, we believe in open interaction and shared goals in our management, operations, stakeholder relations and social discourse in accordance with our values skilfully, boldly, together. Read more about Pohjolan Voima at www.pohjolanvoima.fi Pohjolan Voima 2014 Key figures (IFRS) 2014 2013 2012 2011 2010 Turnover million 643 722 838 1 130 1 041 Operating result million 3 23 10 216 37 Equity ratio % 41 42 35 41 35 Total assets million 2 595 2 577 2 398 2 555 2 587 Investments million 19 24 36 34 52 Average number of personnel* 217 270 454 487 512 *Does not include the personnel of Teollisuuden Voima where Pohjolan Voima has a majority shareholding Shareholders by sector Forest industry 62.0% Energy companies 21.7% Cities 6.6% Chemical industry 5.7% Others 4.0% Pohjolan Voima delivers energy at cost price in accordance with the Mankala business model. This operating model enables a large number of companies and municipalities of various sizes to participate in projects both directly and indirectly.
Pohjolan Voima s electricity production in 2014, 14.0 TWh Condensing power 8.5% Hydropower 12.4% CHP (industry) 12.6% CHP (district heat) 6.8% 14.0 TWh Nuclear power 59.7% The share of Pohjolan Voima s electricity generation of the total electricity generation in Finland was approximately 21% in 2014. Pohjolan Voima s electricity production capacity on 31 December 2014, 3 200 MW Condensing power 31.1% Hydropower 13.9% 3 200 MW Nuclear power 31.3% CHP (industry) 17.0% CHP (district heat) 6.8% The share of Pohjolan Voima s electricity generation capacity of the total electricity generation capacity in Finland was approximately 20% in 2014. Photo: Riitta Weijola / Vastavalo.fi
Production locations Hydropower plants Thermal power plants Nuclear power plant * under construction Jolmankoski Kaaranneskoski Portimokoski Jumisko Pahkakoski Isohaara Kierikki Raasakka Laanila, Oulu Haapakoski Maalismaa Kokkola Pietarsaari Vaskiluoto, Vaasa Seinäjoki Kristiinankaupunki Hämeenkyrö Porin Prosessivoima, Pori Tahkoluoto, Pori Meri-Pori, Pori Harjavalta Olkiluoto, Eurajoki* Rauma Lappeenranta Kuusankoski, Kouvola Melo
2015 POHJOLAN VOIMA OY Töölönkatu 4 P.O. Box 40, FI-00101 Helsinki, Finland Tel. +358 (0)10 478 5000 forename.surname@pvo.fi info@pvo.fi www.pohjolanvoima.fi