Smart grid to reform as part of the core of climate solutions
Responsibility is the foundation of Elenia’s operations. The first sustainability report concerning the network and customer service operations of Elenia, describes the results and objectives of our development work.
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Smart grid to reform as part of the core of climate solutions
The shareholder of Elenia Finance Oyj, Elenia Oy, has informed Elenia Finance Oyj that it has commenced a strategic review of its interests in Elenia Lämpö Oy and its associated subsidiary. There is no certainty as to the decisions which may ultimately be made on conclusion of this strategic review.
Elenia’s continued investments into weather-proof network reduce customers´ outages and storm related costs significantly. The increased underground cabling rate was reflected in reduced number of outages caused by Storm Aapeli. Without increased underground cabling, we estimate that the number of customers affected could have been triple. Consequently also the costs have been significantly lower.
Elenia continues the long-term investment programme and this year company´s planned network investments exceed EUR 145 million. The investments are made in all operational areas of Elenia including Häme, Pirkanmaa, Central Finland as well as Southern and Northern Ostrobothnia. Last year company’s investments in security of supply exceeded EUR 140 million.
Elenia Lämpö Oy, the heating company of the Elenia group, operates the Vanaja power plant in Hämeenlinna. The Regional State Administrative Agency (AVI) issued an environmental permit on 16 November 2015 where it considers that the K4 boiler at the Vanaja plant does not fall under the relevant exception for emission limits of the so-called ‘old existing’ district heating plants under the Finnish Decree on environmental requirements for large energy generation units (936/2014) which entered into force on 20 November 2014 and which is applied to existing combustion plants as from 1 January 2016.
Elenia has agreed a loan of EUR 150 million with the European Investment Bank (EIB). Elenia’s long-term investment plan emphasises the importance of building underground electricity network and replacing overhead lines to secure uninterrupted availability of electricity.
Elenia Lämpö has made the decision to invest in the renewal of the Vanaja power plant in Hämeenlinna and an important part of the investment is the purchase of a new biofuel-fired boiler. The goal is for the new boiler to be operational in 2020. As a result, the share of renewable fuels in Elenia Lämpö’s production of district heating in Hämeenlinna will be clearly over 80%. The boiler will be delivered by Valmet Technologies, Inc.
Last summer, Elenia participated in the Global Real Estate Sustainability Benchmark (GRESB) assessment, or GRESB Infrastructure Assessment, for the first time. Elenia scored the full five stars in the assessment. All of Elenia’s operations were included in the assessment.
D.Sc. (Tech.) Jouni Pylvänäinen has been appointed Head of Strategic Development and member of the management team of Elenia Oy as of 1 September 2018.
The electricity network company Elenia’s distribution price will increase 6.1 % on average from the beginning of August. The CEO of Elenia Tapani Liuhala explains the price increase with the modernization of electricity distribution to meet current and future requirements.