Kilpilahti
Power Plant

Kilpilahti Power Plant Ltd

Kilpilahti Power Plant Ltd (KPP) will build a new combined heat and power plant in Porvoo to match the needs of Neste and Borealis. Neste and Veolia both own 40% of KPP and Borealis owns 20%.

The steam generation capacity of the new power plant is 450 MW, and its electricity generation capacity is 30 MW. The total investment value of the power plant is about EUR 400 million. The plant, to be operated by Veolia, is scheduled for commissioning in 2023.

The environmental benefits from replacing the existing power plant are significant. The new power plant is being constructed in accordance with the latest environmental regulations, including the European Commission's Industrial Emissions Directive (IED), and is notably expected to reduce carbon dioxide emissions by approximately 20 percent compared to the current situation. Is also a good example of resource efficiency and circular economy since more than 80 percent of the fuels (e.g. asphaltene) that will be used in the new power plant are side streams of the refinery and petrochemical plant.