Kemijoki Oy

Kemijoki Oy in brief

Kemijoki Oy is the most important producer of hydropower and regulating power in Finland. We own 20 hydropower plants, 16 of which are located at the Kemijoki watercourse area, two at River Lieksanjoki and two at River Kymijoki. In addition, we regulate the reservoirs in Lokka and Porttipahta as well as Lake Kemijärvi and Lake Olkkajärvi. Our most important goal is to produce hydropower for our stakeholders reliably and cost-effectively.

We operate as an expert and commissioner organization of hydropower production, and are developers of hydropower expertise. We acquire most of our operations from service providers. Thanks to our agile, partnership-based operating model, we are able to produce hydroelectricity cost-efficiently and adapt to changing conditions. Sustainability is at the core of Kemijoki’s business operations. Together with our partners, we fulfil hydropower obligations, but we want to do more. We, for example, maintain electricity self-sufficiency and security of supply, strengthen regional employment and are experts of sustainable hydropower.

We have chosen two strategic goals to focus on:
1) We are the most cost-effective. We take care of our long-term overall efficiency. We take the direct and indirect costs of our operations into consideration and develop our business and know-how responsibly and in accordance with our values. Good operational preconditions at the river are a prerequisite for cost-effective hydropower production.

2) We are the most important component of Finland’s carbon neutral electricity system and the country’s most significant provider of hydro and regulating power. Hydropower is emission free and enables the weather dependent wind and solar power being integrated into the electric system. Our highly adjustable hydropower brings unique flexibility: we are able to adjust the production of hydropower by the second, providing flexibility for the electric system on an hourly as well as annual level.

Kemijoki Oy’s economic key figures in the Financial Statements.

Our Code of Conduct

Our Code of Conduct defines the ways we treat each other and do business. It is a tool for everyday work and helps Kemijoki Oy’s  employees assess and consider things in advance. It is everyone’s right and duty to understand the ethical principles of the Code and act accordingly. Our shared goal is to prevent situations which could lead to potential violations of this Code.

Read our Code of Conduct here.