Understand the impact of the Ukraine conflict from a cross-sector perspective with the GlobalData Executive Briefing: Ukraine Conflict
Finnish electricity grid operator Fingrid has reduced its electricity imports from Russia in an effort to secure Finland’s power system.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe decision was taken after an assessment of the risks to the country’s power system amid the changing international situation caused by Russia’s invasion of Ukraine.
As of 24 April, Fingrid has restricted its maximum transmission capacity from 1.3GW to 900MW.
In a statement, the company said: “Fingrid will restrict the transmission capacity in the cross-border connections to Russia as of 1am on 24 April, with the effect that the import capacity in Fingrid’s connections will be a maximum of 900MW instead of the current 1,300MW.
“In addition, Fingrid will restrict the transmission capacities of the connections to Russia during the commissioning tests for Olkiluoto III.
“The import capacity in the cross-border connections to Russia will be zero when tests are carried out at the Olkiluoto III plant.”
Fingrid added that it will notify the exact times of these restrictions and publish notice of them as Teollisuuden Voima’s testing programme is updated.
There are not, however, expected to be any changes to power exports to Russia, which will remain at 320MW.
The company also said that transmission capacities for other cross-border connections will remain the same.
Fingrid president and CEO Jukka Ruusunen said: “Fingrid is, for its part, prepared for that the electricity imports from Russia will end.
“Finland is not dependent on electricity imported from Russia.
“The end of imports will increase demand for domestic electricity production, increase the need to import more electricity from Sweden, and may decrease electricity exports to Estonia.”
Earlier this month, the Finnish branch of Russian nuclear power company Rosatom announced it would proceed with plans to build the Hanhikivi I nuclear power plant in Finland.
RAOS Project will develop the 1.2GW plant despite uncertainty over government permits following Russia’s invasion of Ukraine.