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 % Electricity Supply by Energy Sources in TWh

TWh Electricity Consumption in Finland

Electricity Production Capacity in Finland

TWh Electricity Demand and Production Capacity in the Nordic Countries

Electricity import reduction Old capacity reduction Consumption Increase Biomass fuels (max) Saving (max) Wind power (max) Hydropower (max) 5 th 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 fulfilment of the Kyoto commitments secures stable and predictable electricity price reduces the dependence on electricity import

Statistics 1990 level All greenhouse gases conservation + renewables + non-CO 2 Coal, natural gas and nuclear power CO 2 from fossil fuels and peat Business As Usual million tons CO 2 -equiv./a Greenhouse Gas Emissions in Finland

At 8000 hours/year Real interest rate 5% April 2001 prices cent / kWh (100 cent = 1 euro) Generating Cost of Base Load Alternatives

Application Public hearings Loviisa Eurajoki Statements STUK The majority of statements Eurajoki and Loviisa Complaint filed on the Eurajoki statement Dismissal from Turku Administrative Court Dismissal from Supreme Administrative Court Council of State decision First stages of the application process

Stance Voting result Date Council of State discussionpositive10-6-(1 absent) Parliament preliminary debate Committee statements Social affairs and Healthneutralunanimous Administrationneutralunanimous Environmentadverse6-(1 abstention) Agriculture and Forestrypositive0-(1 abstention) Committee for the Futureneutralunanimous Financeneutralunanimous Employment and Equalityneutralunanimous –Commerce committee reportpositive12 – Parliament discussion debate votingpositive107 – Discussion on the application for a decision in principle, Council of State and Parliament

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 Selection of plant type and location by the end of Construction permit from the Council of State by the end of 2004

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 Screening and identification of potential investigation sites Preliminary site investigations Detailed site investigations 2001Decision in Principle for selected site (Olkiluoto) Investigation shaft - construction and studies Construction of final disposal repository and incapsulation plant 2020Start of final disposal