Espoo, Finland, 2014-05-21 11:30 CEST (GLOBE NEWSWIRE) --
Fortum Corporation Press release 21 May 2014 at 12.30 EET
Fortum has signed an agreement with Rolls-Royce about the modernisation of automation at its Loviisa nuclear power plant in Finland. The parties have agreed not to disclose the value of the agreement. The modernisation will be carried out over several years and it is included in Fortum's normal capital expenditure.
The project mainly covers the automation modernisation of safety related systems in both production units at Loviisa. The project is agreed to be implemented by the end of 2018. Rolls-Royce will deliver all the required automation systems including planning, testing and installations. Metso is Rolls-Royce’s sub-supplier providing non-safety operational instrumentation and control (I&C), field design and implementation on site. The project will be implemented in close co-operation with Fortum.
The aim of the automation modernisation project is to secure the safe and reliable operation of the Loviisa nuclear power plant until the end of the plant's operational licenses. Unit 1 at Loviisa power plant has an operational license to 2027 and unit 2 to 2030.
For additional information, please contact:
Tiina Tuomela, Executive Vice President, Nuclear and Thermal Power division, Fortum Corporation, tel. +358 50 453 4120
Background information for the journalists:
In 2013, the load factor at Fortum's fully-owned Loviisa nuclear power plant was 92.5%. On an international scale this was excellent compared to the worldwide load factor for pressurised water power plants of approximately 83% last year. The plant produced a total of 8.04 terawatt-hours, which is approximately 9% of the total electricity production in Finland. With the electricity produced, 6 million tonnes of CO2 emissions are avoided annually.
Fortum has a historically large investment program in progress at Loviisa. In addition to the modernisation of automation, Fortum is modernising the turbines and enhancing the safety of the nuclear power plant with new air-cooling towers. In 2013, Fortum invested EUR 60 million into the Loviisa nuclear power plant.
Fortum’s purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, Fortum’s sales totalled EUR 6.1 billion and comparable operating profit was EUR 1.6 billion. We employ approximately 8,800 people. Fortum’s shares are traded on the NASDAQ OMX Helsinki. www.fortum.com
Rolls-Royce is a global business providing integrated power systems for use on land, at sea and in the air. Within the global nuclear industry, its focus is on providing nuclear power utility vendors and operators with integrated, long-term support solutions and services spanning the reactor lifecycle, from concept design to in-service support through to obsolescence management and plant life extension. Rolls-Royce has significant experience in designing, manufacturing and re-engineering safety I&C solutions for customers of both digital and analogue systems of all types of nuclear reactors. Through its I&C headquarters in Grenoble, Rolls-Royce has supplied safety instrument and control technology to all 58 reactors in France and is working on the I&C modernisation programme for EDF’s fleet of 900MW reactors and 1300 MW fleet of reactors. Worldwide, Rolls-Royce I&C technology is installed in more than 200 nuclear reactors across 20 countries.