Finland Times

 

Screenshot of Migrit Energija home page. Photo – Lehtikuva.

Croatian company Migrit Solarna Energija has become the new majority shareholder of Fennovoima, Voimaosakeyhtiö SF, according to the ownership statement submitted by Fennovoima to the government on Tuesday.

 

The Fennovoima Ltd submitted a construction licence application to the government through the Ministry of Employment and the Economy concerning the nuclear power plant – a unit planned for the Hanhikivi peninsula of Pyhäjoki, said an official press release.

 

The company also submitted a statement indicating that at least 60 per cent of the company was owned by parties domiciled in the European Union or EFTA. 

 

“The ownership base announced by Fennovoima is new information to the Ministry of Employment and the Economy. We need time to look into the matter and verify that the condition of 60 per cent ownership is truly met,” said Minister of Economic Affairs Olli Rehn.

 

“If that is the case, it would mean that the share of domestic ownership in the project would be on the required level of overall good to society determined by our last government and parliament,” the minister added.

 

Proving sufficient domestic ownership is essential in order for the ministry to continue processing the construction licence application submitted by the company in accordance with the Nuclear Energy Act. 

 

In this case, the complete processing of the construction licence application has been estimated to take at least two years.

 

“The Ministry of Employment and the Economy will spend the necessary amount of time reviewing the Croatian company’s ownership and other details. If the Ministry of Employment and the Economy states after the review that the ownership condition is not met, it will submit a proposal for the rejection of the construction licence application to the government without any further processing of the application,” said Rehn.