A Word from the President
Posiva Oy was established in 1995 to manage the final
disposal of the spent nuclear fuel produced by its owners, Teollisuuden Voima
Oyj and Fortum Oy. The principles of responsible energy production require that
the producer of the waste also takes care of its disposal in a safe and
In 2001, the Olkiluoto island in Eurajoki was selected as the site for final disposal in a positive decision-in-principle issued by the Finnish parliament. Surveys were carried out in six localities.
After the decision was made, research focused on the
safety of the disposal over the long term. When the surveys showed that the
Olkiluoto bedrock and the selected disposal procedure meet the safety
requirements, a construction permit application was submitted to the Ministry
of Employment and the Economy in 2012. Construction work is expected to begin
in 2015 after the permit has been granted; the facilities to be built will
constitute the first disposal plant in the world.
The completion of all these efforts has required continued diligence, top expertise and an open attitude from all our staff. Pioneering multi-disciplinary research and development work has resulted in the creation of a final disposal method that will be the first of its kind in the world.
Posiva is currently in the process of moving its focus
from research and development to the actual construction of the facilities and
implementation of the disposal plans. This also means that new experts will be
required for positions in new areas of operation.
I have worked in the nuclear industry for 38 years,
and enjoyed every one of them. Posiva is an interesting place to work and able
to offer stimulating challenges.
Reijo Sundell, President, Posiva Oy
Posiva Oy is an expert organisation responsible for the final disposal of spent nuclear fuel of the owners. Posiva has been established in 1995.
Posiva employs around 100 people. The company had a turnover of some EUR 67 million in 2012 and is headquartered in Olkiluoto in the municipality of Eurajoki. The personnel works in three locations: Main Office in Olkiluoto, ONKALO Project Office in Olkiluoto and Vuojoki Mansion in Eurajoki.
Posiva is owned by Teollisuuden Voima Oyj (60%) and Fortum Power & Heat Oy (40%), both of which share the cost of nuclear waste management.
Posiva works together with numerous Finnish and foreign expert organisations from a multitude of fields, and commissions studies related to nuclear waste management from universities and other institutions of higher education as well as from research institutes and consulting businesses.