INTERRUPTION NOTICE: Property Damage and Business Interruption Insurance 2026

We are pleased to invite you to participate in the public tender in respect of the Property Damage and Business Interruption Insurance for Turun Seudun Energiantuotanto Oy, hereinafter called TSE. The insurance to be purchased covers the following TSE owned facilities: - Naantali 1, Naantali 2 and Naantali 3 decomissioned power plants (buildings to be insured on new replacement value basis, machinery to be insured on debris removal value basis) - Naantali CHP 4 power plant (All Risks Property Damage and Business Interruption Insurance) - Oriketo heating plant (All Risks Property Damage and Business Interruption Insurance) - Kakola pump station (All Risks Property Damage and Business Interruption Insurance). The content of the procurement is presented in more detail in "Appendix 1 - UW Submission TSE 2026 PDBI Insurance_v1_20250508 and "Appendix 2 - DRAFT PD AND BI Insurance 2026_TSE_v1_20250508”. The All Risks Property Damage and Business Interruption Insurance is purchased as valid in the form of “1+1+1+1” years. The first Policy Period is from 1.1.2026 to 31.12.2026 and to be renewed annually January 1st. This submission includes a great deal of underwriting information and analysis. We believe the information to be reasonable portrayal of the risks included in this insurance placement. However, participating insurers/reinsurers agree that the submission should be viewed as general information only and nothing in the submission is a condition or warranty or statement of material fact. The risk survey report of TSE, loss statistics and the schedule of sums insured for the insured locations will be provided only on request and subject to a signed NDA. The NDA; Appendix 6 - TSE NDA form is available in Cloudia Tarjouspalvelu. The procurement is conducted on negotiation basis and the valid regulations for public procurement of utilities sector legislation are followed.Main features of the procedureThe Phases of the Public Procurement This public procurement exceeds the EU procurement threshold value. The procurement is conducted on negotiation basis and the valid regulations for public procurement of utilities sector legislation are followed. Phase 1) – Invitation to submit your application to participate in the public tender This invitation to participate in the public tender has been drawn up to serve as a basis for procurement negotiations. Qualification criteria for the phase 1) is described in the ESPD form and Invitation to participate . In order to avoid any misunderstandings TSE wishes to emphasize that the aim of this invitation is only to submit your applications without providing any binding tenders with pricing or other information regarding the terms and conditions. Phase 2) – Negotiations This public procurement exceeds the EU procurement threshold value. The procurement is conducted on negotiation basis and the valid regulations for public procurement of utilities sector legislation are followed. Invitations to the negotiations shall be sent to the qualified applicants who have qualified themselves to the qualification criteria as defined in the ESPD form and Invitation to participate and who have submitted their applications in the requested time, to participate in the public tender. In the negotiation phase you are requested to give: a) your desired share of the risk for the lead position and follow position in TSE’s property insurance or; b) your desired share of the risk for the follow position in TSE's property insurance; c) your initial premium and premium rate indications for the lead and/or follow position (on 100 % basis); d) your comments on the specifications of coverage as stated in the Appendix 2 - DRAFT PD AND BI Insurance 2026_TSE_v1_20250508. If you are unable to meet the requirements in accordance with the specifications stated in the Appendix 2, we request that you explicitly state this during the negotiations. TSE reserves the right to utilize material received from the candidates during the negotiations and reserves the right to accept or deny the proposed amendments/exclusion in the terms and conditions. All changes will be communicated to the applicants. Any comments to premiums or premium rates or share of the risk will not be shared with the applicants. Tentative minimum requirements of the final tender are as follows: a) Quoted lead share and quoted follow share of the risk or quoted follow share of the risk; b) Loss limit EUR 250 000 000 each and every loss combined Property Damage and Business Interruption; c) Sublimit for the specified named suppliers/receivers as stated in the Appendix 2; d) Deductible – Property Damage EUR 500 000 each and every loss; e) Deductible – Business Interruption: Waiting period 30 days and minimum EUR 3,000,000 per each and every loss. Phase 3) – Final invitation to the public tender In the final tender phase you will be invited to submit your binding tender subject to the specifications of coverage as set in the negotiations in phase 2). The final winning tender(s) shall be selected merely based on lowest premiums quoted for the combination of both lead and follow positions, calculated on gross basis incl. taxes and any other fees, as a sum of property damage and business interruption insurance.