In December 2013, representatives of JSC Rusatom Energy International (previously JSC Rusatom Overseas) and their Finnish partner Fennovoima Oy signed a EPC (Engineering, procurement and construction) contract for a single VVER-1200-unit power plant, Hanhikivi-1 NPP, to be constructed at Pyhäjoki, Northern Ostrobothnia (Finland).
JSC TVEL entered into a fuel supply agreement with Fennovoima Oy. Under the agreement, JSC TVEL will provide nuclear fuel during the first 10 years of NPP operation. The company will also provide nuclear fuel management trainings for the NPP personnel.
A shareholder agreement was also signed whereby Rosatom became a shareholder in Voimaosakeyhtiö SF. In March 2014, RAOS Voima Oy, a subsidiary of JSC Rusatom Energy International, became a shareholder in Fennovoima Oy with a 34 % stake.