Fennovoima

Fennovoima Ltd (Finnish: Fennovoima Oy) is a Finnish nuclear power company established by a consortium of Finnish power and industrial companies.

The company does not own any nuclear capacities; however, it is preparing to build the 1200 MW Hanhikivi 1 nuclear power plant at Pyhäjoki.

Fennovoima Board

Based on WikiLeaks publications Djurica Tankosic, a member of the Fennovoima energy company's board, has close ties to the Bulgarian energy sector's top chief. This Bulgarian is suspected of crimes related to the Russian Rosatom nuclear power plant initiative in Bulgaria. Manchev is suspected, among other things, of forging environmental reports.

Shareholders

Finnish industry, trade and the energy companies in need of their own electricity production started the company in 2007. Originally Fennovoima was created as a partnership between Voimaosakeyhtiö SF, a cooperative producing electricity for its owners' needs at production cost in proportion to their ownership share (Mankala), with 66% and the German power company E.ON with 34%. After E.ON's withdrawal from Finland, Voimaosakeyhtiö SF briefly owned 100% of Fennovoima shares. According to the agreement with Russian Rosatom, RAOS Voima Oy, a Finnish subsidiary of Rosatom, acquired a 34% stake which previously belonged to E.ON. Although RAOS Voima was prepared to kae 49% in the project, Voimaosakeyhtiö SF commits to own more than half of the power plant and aims to increase the share of Finnish companies up to 66%. As of 2014, Voimaosakeyhtiö SF has 44 shareholders.