1. 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 2001 81.6 TWh

2. TWh Electricity Consumption in Finland

3. Electricity Production Capacity in Finland

4. TWh Electricity Demand and Production Capacity in the Nordic Countries

5. 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

6. 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

7. 19801985199019952000200520102015 90 80 70 60 50 40 30 20 10 0 100 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

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

9. Application15.11.00 Public hearings Loviisa12.02.01 Eurajoki14.02.01 Statements STUK08.02.01 The majority of statements28.02.01 Eurajoki and Loviisa31.03.01 Complaint filed on the Eurajoki statement24.04.01 Dismissal from Turku Administrative Court13.09.01 Dismissal from Supreme Administrative Court21.12.01 Council of State decision17.01.02 First stages of the application process 2000-2002

10. Stance Voting result Date Council of State discussionpositive10-6-(1 absent)17.1.02 Parliament preliminary debate 13-14.2.02 Committee statements Social affairs and Healthneutralunanimous 22.3.02 Administrationneutralunanimous 3.4.02 Environmentadverse6-(1 abstention)-10 24.4.02 Agriculture and Forestrypositive0-(1 abstention)-624.4.02 Committee for the Futureneutralunanimous24.4.02 Financeneutralunanimous26.4.02 Employment and Equalityneutralunanimous26.4.02 –Commerce committee reportpositive12 – 516.5.02 Parliament discussion debate 21-23.5.02 votingpositive107 – 92 24.5.02 Discussion on the application for a decision in principle, Council of State and Parliament

12. 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

13. 0 1 2 3 4 5 6 7 Progress scheme for the new NPP

14. 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

15. Schedule for Site Selection and Final Disposal of Spent Fuel 1983 - 1985Screening and identification of potential investigation sites 1986 - 1992Preliminary site investigations 1993 - 2000Detailed site investigations 2001Decision in Principle for selected site (Olkiluoto) 2001 - 2010Investigation shaft - construction and studies 2010 - 2020Construction of final disposal repository and incapsulation plant 2020Start of final disposal