(IN BRIEF) The European Investment Bank has approved a €90 million loan to Finland’s Teollisuuden Voima Oyj (TVO) to upgrade two reactor units at the Olkiluoto nuclear power plant. The financing will fund safety-critical updates, including control system modernization and … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Luxembourg, News
Tagged automation systems, clean energy, Climate Action, Control Systems, EIB, electricity generation, Energy Independence, energy transition, EU Energy Roadmap 2050, European Investment Bank, European Union, Finland, Finland’s Olkiluoto Nuclear Facility Receives EIB Support for Major Safety and Efficiency Enhancements, Karl Nehammer, Lauri Piekkari, low-carbon power, modernization, nuclear energy, Olkiluoto, safety upgrades, steam separators, sustainability, Teollisuuden Voima Oyj, TVO
HELSINKI, 19-Dec-2018 — /EuropaWire/ — NIB and the Finnish energy company Teollisuuden Voima Oyj (TVO) have signed a loan agreement of EUR 65 million financing safety system upgrades in two existing nuclear power plant units in Finland. This ten-year loan will contribute to TVO’s refurbishment project … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Finland, Industrial, Security & Safety, Uncategorized
Tagged electricity, Finland, Henrik Normann, loan, NIB, nuclear, nuclear power plant, Olkiluoto, power, safety, safety system, Teollisuuden Voima Oyj, TVO
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