Hydro power 16.3 % Wind power 0.1 % Peat 6.9 % Other renewable 11.4 % Nuclear power 26.8 % Natural gas 10.3 % Coal 14.1 % Oil 1.9 % Net imports 12.2 %

•

Hydro power16.3 % Wind power

0.1 %

Peat6.9 %

Other renewable11.4 %

Nuclear power26.8 %

Natural gas10.3 %

Coal14.1 %

Oil1.9 %

Net imports12.2 %

Electricity Supply by Energy Sources in 2001

81.6 TWh

•

0

20

40

60

80

100

120

1930 40 50 60 70 80 90 2000 2010

TWh

Electricity Consumption in

Finland

•

0

3000

6000

9000

12000

15000

18000

21000

2005 2010 2015 20202000 2030 2030 2040 2045 20502025

Nominal power, MW

7500 MW

Demand for new capacityCHP, industrialCHP, district heatOther condensingCoal-condensingNuclear powerHydro & wind power

Electricity Production Capacity in Finland

•

200

225

250

275

300

325

350

375

400

425

450

1980 1990 2000 2005 2010 2015

Capacity

Demand

TWh

Electricity Demand and Production Capacity in the

Nordic Countries

•

0

5

10

15

20

25

30

Increase ofdemand

Increase ofproduction

Electricity import reduction

Old capacity reduction

Consumption Increase

Biomass fuels (max)

Saving (max)

Wind power (max)Hydropower (max)

5th nuclear unit

Gas

TWh

Increase of Electricity Demand and Production in Finland until 2015

WHY ADDITIONAL NUCLEAR POWER?

New nuclear power plant

covers partly the additional electricity demand and replaces old power plants

enables, together with renewables, the fulfilmentof the Kyoto commitments

secures stable and predictable electricity price

reduces the dependence on electricity import

•

1980 1985 1990 1995 2000 2005 2010 2015

90

80

70

60

50

40

30

20

10

0

100

Statistics

1990 level

All greenhouse gases

conservation + conservation + renewables + renewables +

non-COnon-CO22

Coal, Coal, natural gas and natural gas and nuclear powernuclear power

CO2 from fossil

fuels and peat

Business As Usual

mill

ion

to

ns

CO

2-eq

uiv

./a

Greenhouse Gas Emissions in Finland

•

0

1

2

3

4

Nuclear Coal Natural gas Peat

Other variable costs

Fuel costs

Other fixed O&M costs

Capital costs

At 8000 hours/yearReal interest rate 5%April 2001 prices

cen

t / k

Wh

(100 cent = 1 euro)

Generating Cost of Base Load Alternatives

Application 15.11.00 Public hearings

• Loviisa 12.02.01 • Eurajoki 14.02.01

Statements• STUK 08.02.01• The majority of statements 28.02.01• Eurajoki and Loviisa 31.03.01

Complaint filed on the Eurajoki statement 24.04.01 • Dismissal from Turku Administrative Court 13.09.01 • Dismissal from Supreme Administrative Court 21.12.01

Council of State decision17.01.02

First stages of the application process 2000-2002

• Stance Voting result Date

•

•Council of State discussion positive 10-6-(1 absent) 17.1.02

•Parliament preliminary debate 13-14.2.02

•Committee statements

•Social affairs and Health neutral unanimous 22.3.02

•Administration neutral unanimous 3.4.02

•Environment adverse 6-(1 abstention)- 10 24.4.02

•Agriculture and Forestry positive 0-(1 abstention)-6 24.4.02

•Committee for the Future neutral unanimous 24.4.02

•Finance neutral unanimous 26.4.02

•Employment and Equality neutral unanimous 26.4.02 Commerce committee report positive 12 – 5 16.5.02

•Parliament discussion

•debate 21-23.5.02

•voting positive 107 – 92 24.5.02

Discussion on the application for a decision in principle, Council of State and Parliament

NEW REACTOR IN FINLAND

- Decision in Principle: Approval of the Finnish Government on 17.1.2002 and ratification of the Parliament on 24.5.2002 by votes 107-92.

- Approval:

- one reactor: BWR or PWR

- location either Loviisa or Olkiluoto

- size 1 000 – 1 600 MW

- corresponding enlargement of the final repository for spent fuel

- Continuation:

- Bid invitations during this year

- Target: new unit in operation before the end of this decade.

Time schedule targets of the project

Progress according to the application:- Start of the construction work in the middle of this decade- New unit in commercial operation by the end of this decade

Time schedule targets for the next few years: - Invitation of firm bids during 2002- Selection of plant type and location by the end of 2003 - Construction permit from the Council of State by the end of 2004

EIA process

Decision in principle application process

Selection of plant supplier

Construction licence application

Application handling

Construction licence

Construction of the plant unit

Operating licence

Commercial operation

0 1 2 3 4 5 6 7

Progress scheme for the new NPP

• Interim storage of spent fuel• Loviisa 1983• Olkiluoto 1987

• Final repository for low and intermediate level waste• Loviisa 1997• Olkiluoto 1992

• Final repository of spent fuel• Olkiluoto site selected 1999• Government Decision in

Principle ratified by the Parliament in May 2001

Waste Management in Finland

Schedule for Site Selection and Final Disposal of Spent Fuel

1983 - 1985 Screening and identification of potential investigation sites

1986 - 1992 Preliminary site investigations

1993 - 2000 Detailed site investigations

2001 Decision in Principle for selected site (Olkiluoto)

2001 - 2010 Investigation shaft - construction and studies

2010 - 2020 Construction of final disposal repository and incapsulation plant

2020 Start of final disposal