Kemijoki Oy
WE ARE THE MOST SIGNIFICANT
PRODUCER OF HYDROPOWER IN FINLAND

Kemijoki Oy is the most significant producer of hydropower and regulating power in Finland. We own 20 hydropower plants, 16 of which are located at the Kemijoki area, two at River Lieksanjoki, and two at River Kymijoki. We also regulate the reservoirs in Lokka and Porttipahta as well as Lake Kemijärvi and Lake Olkkajärvi. The three riversides in our operating area amount to over 1,000 kilometres in length – they are a home to nearly 200 000 residents.

News

Kemijoki Oy

We are a trailblazer in sustainable and flexible hydropower

Hydropower is the most important form of renewable electricity production in Finland. Kemijoki Oy is the most significant producer of hydropower and regulating power in Finland. As a company, our purpose is to enable the energy transition and everyday life in Finland with hydropower.

The total capacity of Kemijoki Oy’s power plants is over 1,100 megawatts (MW). We produce a third of Finland’s hydropower. We also provide flexibility that is vital to the Finnish electricity system and improve security of supply. Hydropower is the best form of regulating power.

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Our strategy

Hydroelectricity is needed more than ever

As a trailblazer in sustainable and flexible hydropower, our purpose is to enable the energy transition and everyday life in Finland with hydropower. It is a mission that also requires us to change and transform as a company. During our 70 years of operation, we have been bold innovators, and will continue on this path.

Strategy

Pumped-storage power plants

We are assessing possibilities to build pumped-storage power plants in Northern Finland.

Hydropower’s regulating capability is increasingly important to our energy self-sufficiency and security of supply as Finland transitions from fossil fuels to renewable energy sources.  The increasing variable wind and solar power production rapidly changes the Finnish energy system. In addition, the electrification of society and future industrial investments will inflate electricity demand. Thus, there is a growing need for regulating power that balances the energy system and for large-scale electricity storages.

Pumped-storage power acts as a water battery that balances Finland’s electricity system. Pumped-storage power plants reduce the price of electricity for Finnish users – for households, companies and industries alike. They also stabilise fluctuations in electricity prices and improve the predictability of pricing, thus enabling new industrial investments in Finland.

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Responsibility

Our corporate responsibility is guided by our vision of being a trailblazer in sustainable and flexible hydropower.

Our operations are based on utilising hydropower in a way that is sustainable for nature, people and the economy.

Our corporate responsibility work is founded on identifying our impacts. We review both our operations’ impacts and the relevance of sustainability matters to our business operations.

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