Kanteleen Voima Oy and its previously fully owned subsidiary Puhuri Oy are both in the process of entering an investment phase. Kanteleen Voima for the NordFuel -project and Puhuri for several wind power projects.

In order to improve the efficiency of the corporate structure Puhuri Oy’s ownership has been transferred from Kanteleen Voima directly to the ownership of the parent company shareholders, and therefore the consolidated corporation will be dissolved during fall 2019.

Antti Vilkuna, who has been CEO of Kanteleen Voima since 2006, continues as CEO of Puhuri Oy. Andreas Rasmus, Production Director of the Katternö Group, will start as CEO of Kanteleen Voima on December 1, 2019. Vilkuna will start as Vice Chairman of the company’s Board.

“The NordFuel -project has developed well and we are next moving to project planning phase. At the same time Puhuri’s projects are becoming eligible for investment. Clarifying the corporate structure and organisation is good to be done at this point”, states Kanteleen Voima’s outgoing CEO Antti Vilkuna.

“The NordFuel -project is proceeding according to plan. Planning work of the plant is progressing, and test runs are done with our technology partner’s facility in Sweden. Now we are waiting the decision of environmental permit from Regional State Administrative Agency as well as the decision of investment support from Ministry of Economic Affairs and Employment of Finland”, tells Project Director Timo Strengell.

Puhuri Oy is also increasing its resources. Harri Ruopsa has been nominated as the company’s Project Development Manager, previously working as Production Manager at Porkka Oy. Jaakko Tyvi has been nominated as a Construction Manager, previously working as a Construction Consultant at Ramboll. Puhuri is currently building Parha’s wind power project in Pyhäjoki. Several other projects are entering to investment phase also.

“The revolution in the energy sector is clearly visible in these acts. Tackling climate change requires actions from the 28 energy companies that owns the Kanteleen Voima and Puhuri. With this additional resourcing we can better guide Puhuri’s increasing wind power investments and bring Kanteleen Voima’s NordFuel -project into the investment phase. We thank Antti Vilkuna for his contribution as the CEO of Kanteleen Voima. Especially the NordFuel -project has progressed excellently under the leadership of Antti, and his expertise will continue to benefit the company in his work as a Board member. Andreas Rasmus has been on the board of Kanteleen Voima for a long time, he knows the company well and takes the NordFuel -project forward”, says Roger Holm.

“I have been following Kanteleen Voima’s development long time through board work and I am looking forward to receive this new task”, tells Andreas Rasmus.

Additional information:

• Roger Holm, Chairman of the Board, Kanteleen Voima Oy / Puhuri Oy, tel. +358 40 585 2495
• Antti Vilkuna, CEO, Puhuri Oy, tel. +358 44 022 0919
• Andreas Rasmus, CEO, Kanteleen Voima Oy, tel. +358 44 781 5396

Kanteleen Voima Oy is a Finnish electricity producer established in 2006. It is owned by 28 private and municipal small and medium size energy companies. Kanteleen Voima’s power plant in Haapavesi, works currently as operating reserve plant.

The NordFuel refinery would employ a significant number of people locally, generate electricity flexibly and produce 65.000 tonnes of ethanol for transport every year. The refinery would also have the capacity to produce 250 GWh of biogas each year, which would make it the biggest producer of biogas in the Nordic countries.

Puhuri Oy is a Finnish company that develops and invests in wind power projects, builds wind parks and produces electricity for its owners. The total power output of the wind parks managed by Puhuri is 60 MW. Puhuri has wind power development projects in Haapavesi, Kannus, Pyhäjoki, Pyhäjärvi, Raahe, Salla and Sievi. Puhuri’s sister company Vetelin Tuulivoima Oy develops wind power projects in Veteli. Puhuri is owned by 28 Finnish energy companies.