Company
Fingrid has a crucial role in the Finnish power system. By virtue of the Electricity Market Act, the company is responsible for the functioning of the power system at a national level. This is vital in view of the welfare and development of the entire society and economy.
Ownership
- 12 % State of Finland
- 25 % Fortum Power and Heat Oy
- 25 % Pohjolan Voima Oy
- 38 % Insurance Companies.
Key facts
- Established on 29 November 1996
- Started operations on 1 September 1997
- Owns the Finnish main grid and all significant cross-border connections
- Approximately 14,000 kilometres of transmission lines and 106 substations
- Customers comprise electricity producers, electricity market parties, major industrial enterprises, and regional and distribution network companies
- Revenue 359 million euros (2009)
- Balance sheet total 1,649 million euros (2009)
- Owns 20 % of electricity exchange Nord Pool Spot AS
- Number of personnel at the end of the year: 260 (245 in permanent employment).