On 30 December 2021, Posiva Oy submitted to the Government an operating
licence application referred to in the Nuclear Energy Act for an
encapsulation plant and a disposal facility for spent nuclear fuel.

The facility is currently under construction in Olkiluoto, Eurajoki. Posiva has
been preparing for the disposal of spent nuclear fuel for more than 40
years. Its encapsulation plant is located above ground, and the fuel
repository of underground disposal facility is located in the bedrock at a
depth of approximately 400-430 metres.

Posiva is applying for an operatinglicence for a period from March 2024 to the end of 2070. According to theapplication, most of the spent nuclear fuel of Posiva's owners, i.e.
Teollisuuden Voima Oyj's Olkiluoto nuclear power plant and Fortum Power
and Heat Oy's Loviisa nuclear power plant would be disposed of in
Posiva's facility between 2024 and 2070. The disposal of all the spent
nuclear fuel of the Posiva owners is expected to be completed until the
late 2120s according to the present nuclear power operation plans.

 Ministry of Economic Affairs 30th Dec 2021

https://tem.fi/en/posivas-operating-licence


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