Finland Times

Monday, 24 June, 2024
Home BUSINESSGovt to set up global nuclear safety company
Fri, 18 Nov, 2016 12:07:03 AM
FTimes – STT Report, Nov 18
File Photo – Lehtikuva.
The government in a statement said it has authorised the Ministry of Social Affairs and Health to establish STUK International Ltd, a limited liability company wholly owned by the state.
The capital of one million euros and other establishment costs of the company will be financed from the appropriations reserved for the purpose in this year’s budget.
STUK International Ltd, which will be operating globally, will provide expert services to promote safety in the use of nuclear energy and radiation and carry out research and development in the field.
The operations and finances of STUK International Ltd and STUK, which will still perform official duties, will be clearly separate and independent of each other.
Corporatisation gives new opportunities for making the sale of STUK’s current international expert services more profitable and in line with market terms.
The clients of STUK International Ltd will include national radiation and nuclear safety authorities around the world as well as other actors in the field. The company would continue the ongoing development work on radiation and nuclear safety with Saudi Arabia, among other projects.
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