Under the Finnish Nuclear Energy Act, the Company is responsible for the measures related to nuclear waste management and the related costs.
The liabilities in the consolidated financial statement show a provision related to nuclear waste management liability of EUR 952.0 (953.1) million, calculated according to the international IFRS accounting principles. A corresponding amount, under assets, represents the Company’s share in the Finnish State Nuclear Waste Management Fund.
In order to cover the costs of nuclear waste management, TVO makes contributions to the Finnish State Nuclear Waste Management Fund. In November 2018, MEAE set TVO's liability for nuclear waste management at EUR 1,505.8 (1,481.6) million to the end of 2018 and the Company's funding target for 2019 at EUR 1,505.8 (1,470.8) million.
In March 2018, the Finnish State Nuclear Management Fund confirmed TVO’s nuclear waste management fee for 2017 at EUR 33.6 (49.1) million, which was paid into the Fund on March 31, 2018 (March 31, 2017). The nuclear waste management fee for 2018 will be confirmed in March 2019.
A total of 8,214 (7,428) m³ of low- and medium-level radioactive waste has accumulated from the OL1 and OL2 plant units during their operation. During 2018, the amount of waste increased by approximately 786 m3. The waste is disposed of in the final repository for low- and medium-level waste (VLJ repository) in Olkiluoto.
The total amount of spent nuclear fuel by the end of the year was 1,531 (1,498) tons, of which 33 (33) tons accumulated in 2018. The spent fuel is stored in the fuel pools of the plant units and in an interim storage facility (the KPA storage facility) at Olkiluoto.
