The energy market in Finland has been dominated by nuclear energy and shows strong prospects for future growth. Large scale demand for electricity coupled with strong government initiatives has made this segment extremely attractive for prospective investors. In order to meet the carbon dioxide emission targets nuclear energy has been chosen as the preferred choice of electricity generation and this is expected to boost the market. The report begins with an overview of the industry providing segmented data of electricity generated via various sources. It also indicates the expected growth in energy generated through nuclear power. Specifications of the existing and upcoming nuclear plants have been provided with information on other projects in the pipeline. The characteristics of the market has been explained which is indicative of the strong potential for growth and the issues in this space including the growth in energy intensive industries, rise in net electricity imports, credit issues faced by players in the market, rising electricity price and cost effective electricity generation. The report highlights the various government regulations pertaining to the nuclear energy segment which includes legislations governing nuclear activity, procedure for establishing a nuclear facility, guidelines for obtaining a construction license for a nuclear power plant and guidelines for obtaining an operation license for a nuclear power plant. Major government policies and initiatives have been discussed which includes their policies towards reducing CO2 emission, research and development activities, and the introduction of a windfall profits tax. This is followed by an analysis of the development, laws, and the current scenario of nuclear waste management in the country. Competition section profiles the major players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.

1. Nuclear Energy - Finland
September 2009

2. •Market Overview
•Market Characteristics
•Regulations
•Government Policies and Initiatives
•Nuclear Waste Management
•Major Players
•Appendix
NUCLEAR ENERGY – FINLAND.PPT 2

3. Executive Summary
In 20--, a% of electricity was generated through nuclear power
Finland has four nuclear power plant units with a total net capacity of XX MW
Overview It is estimated that YY MW of new nuclear generating capacity is required by 20-- to meet
domestic demands
LE
A new nuclear plant is under construction and three more are expected by 20--
Market
Characteristics
P
Growth in energy intensive industries
Rise in net electricity imports
M
Credit issues faced by players in the market
SA
Rising electricity price and cost effective electricity generation
Legislations governing nuclear activity
Procedure for establishing a nuclear facility in Finland
Regulations Guidelines for obtaining a construction license for a nuclear power plant
Guidelines for obtaining an operation license for a nuclear power plant
The market is dominated by a few players which include
– Company 1
Major Players – Company 2
– Company 3
– Company 4
NUCLEAR ENERGY – FINLAND.PPT 3

4. Nuclear Energy in Finland is the primary source of electricity
generation
Overview Electricity Production
TWh
•Nuclear energy accounted for a% of total Nuclear power
90 U
electricity generated in 20-- 80
W X
Y
Hydro power
V Natural gas
LE
u1
•Finland's four nuclear power plant units have a 70 w1 x1 y1 Coal
60 v1
total net capacity of XX MW u2 w2 Biofuel
P
50 x2
y2
The annual load factors of all the units have 40 u3 v2 w3
x3
Peat
M
averaged at ~ b% since its inception 30 u4 v3 w4 x4
y3 Others
20 v4% y4
•Major uranium mining areas include
A
u5 v5 v6 w5 x5 y5
10
S
u6 v7 w6 w7 x6 x7 y6 y7
Location 1, Location 2 and Location 3 0
2004 2005 2006 2007 2008
•It has been projected YY MW of new Growth in Nuclear Generation
generating capacity is required by 20--
Finland needs new capacity both to meet new
TWh
demand growth and to replace old capacity, VV
70
primarily coal-fired plants t%
60
•Nuclear power development is expected to be 50
the primary measure to cut the CO2 emissions 40
30
towards meeting the countries emission UU
20
targets 10
0
2008 2030e
Source:
NUCLEAR ENERGY – FINLAND.PPT 4

5. Market Characteristics
Rising electricity price and cost Growth in energy intensive
effective electricity generation industries
Major
Characteristics
of the Market
Credit issues faced by players in
Rise in net electricity imports
the market
NUCLEAR ENERGY – FINLAND.PPT 5

6. The country comprises of major industries with large energy
requirements forwarding growth in nuclear power
Major energy intensive industries Segmentation of electricity consumption
•Majority of the power consumed in Finland is
Industry
by the industrial sector c%
b% Household & Agriculture
LE
•The country comprises of industries which are Services & Construction
major consumers of power such as pulp and d% Losses
shipbuilding
MP
paper, metal and engineering industry, and
A
•According to a survey by TNS Gallup, for
S
Finnish power company TVO, it has been
inferred that electricity demanded will
increase in Finland in the next A-B years
a%
•The main reasons for the increase in electricity
consumption are expected to be the growth of h% Forest
industrial production, the increase in g%
Meat Processing
Chemicals
automation, the electrification of traffic, and a
e% Others
general increase in the standard of living
f%
Source:
NUCLEAR ENERGY – FINLAND.PPT 6

7. Regulations
Guidelines for obtaining an
Legislations governing nuclear
operation license for a nuclear
power plant activity
Key
Regulations
Guidelines for obtaining a
Procedure for establishing a
construction license for a nuclear
power plant nuclear facility in Finland
NUCLEAR ENERGY – FINLAND.PPT 7

8. Government Policies & Initiatives
Policies towards reducing
CO2 emission
Key
Policies
Introduction of a windfall Major research and
profits tax development activities
NUCLEAR ENERGY – FINLAND.PPT 8

9. Major research and development activities carried out by
the State towards developing this segment
Overview Sources of Funding
•R&D activities have largely focused on safety
Source 1
and operational performance of the power d% e%
f%
Source 2
plants, and the management and disposal of
LE
c%11.0% Source 3
waste Source 4
•Annual funding for national nuclear energy
research is ~USD XX mn
MP b%
a%
Source 5
Others
•The country has no institutes dedicated to
nuclear research A
Additional funding is received from Institution 1
S
Most research takes place at the Establishment 2
Research Areas
•National research programmes on nuclear x%
w%
energy
Nuclear Waste
Programme 1 Management
Programme 2 Reactor Safety
v% Fusion
Programme 3
u% Others
Source:
NUCLEAR ENERGY – FINLAND.PPT 9

10. Nuclear Waste Management
Developments in nuclear waste
Current scenario
management
Nuclear Waste
Management
Provisions of nuclear waste
Classification of nuclear waste
management
NUCLEAR ENERGY – FINLAND.PPT 10

11. Thank you for the attention
The Nuclear Energy – Finland report is a part of Netscribes’ Energy and Utility Industry Series.
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NUCLEAR ENERGY – FINLAND.PPT 11