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
|
Republic of Finland |
53,1 % |
|
Mutual Pension Insurance Company Ilmarinen |
19,9 % |
|
Varma Mutual Pension Insurance Company |
12,2 % |
|
Tapiola Mutual Pension Insurance Company |
4,5 % |
|
Suomi Mutual Life Assurance Company |
2,3 % |
|
Pohjola Insurance Ltd |
2,3 % |
|
Mandatum Life Insurance Company Limited |
1,6 % |
|
Tapiola General Mutual Insurance Company |
1,5 % |
|
Tapiola Mutual Life Assurance Company |
1,4 % |
|
If P&C Insurance Company Ltd |
0,7 % |
|
Imatran Seudun Sähkö Oy |
0,3 % |
|
Fennia Life Insurance Company |
0,2 % |
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 456 million euros (2010)
- Balance sheet total 1,815 million euros (2010)
- Owns 20 % of electricity exchange Nord Pool Spot AS
- Number of personnel at the end of the year: 263 (249 in permanent employment).