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Fortum to extend lifecycle of 1GW nuclear power plant

The Finnish utility has applied to prolong the Loviisa power plant's lifecycle by 20 years.

Photo: PR / Fortum

Fortum's nuclear power plant, Loviisa, which saw its first reactor commission in 1977 and the second in 1980, is nearing retirement age. The operating licenses for the two reactors are set to expire in 2027 and 2030. However, the Finnish energy giant holds that there is still a good 20 and 23 years left in the reactors, respectively, and has therefore applied to extend the licenses for the each of the 507MW reactors.

"We want to support the achievement of Finland’s and Europe’s carbon neutrality targets and enable the building of a reliable, competitive and sustainable energy system," says EVP of Generation Division Simon-Erik Ollus in a press release.

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