Nuclear plant owner and operator Teollisuuden Voima Oyj (TVO) has signed an investment loan agreement for €75m ($85m) with the Nordic Investment Bank (NIB) for the financing of projects that could lead to extended operation for the Olkiluoto-1 and -2 nuclear plants in Finland.
NIB said in a statement that the 10-year loan finances key investments aimed at maintaining and improving safety measures and ensuring the possible extended operational lifetime of the two nuclear units.
NIB is owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.