Finland rss

Impact of Hanhikivi 1 licensing delay remains unclear

New Nuclear

17 October 2017

Hanhikivi 1 site - 48Although the delay in receiving the construction licence for the Hanhikivi 1 nuclear power plant will not affect the cost of the project, its impact on the commissioning schedule will become clearer later this year, Fennovoima CEO Toni Hemminki told journalists last week. The company began excavation work at the site in Pyhäjoki in northern Finland in January last year.

Nuclear regulators debate new challenges

Regulation and Safety

29 September 2017

Regulators panel - Sympo 2017 - 48International cooperation is high in the nuclear industry, but harmonising regulatory processes remains a challenge, delegates heard at the World Nuclear Association's annual symposium held in London recently. In addition, regulatory bodies face new tasks - licensing advanced reactor technologies, enhancing public confidence and assisting newcomer countries.

TVO appeals Areva state aid decision

Corporate

13 September 2017

Finnish utility Teollisuuden Voima Oyj (TVO) announced today it has filed an appeal against the European Commission's approval for the French government to inject €4.5 billion ($5.4 billion) into Areva. TVO claims the plan does not provide sufficient guarantees that the Olkiluoto 3 EPR project will be completed.

Olkiluoto 3 commercial operation rescheduled

New Nuclear

09 October 2017

Olkiluoto_1-3__Jan-Feb2017_(TVO)-48Regular electricity production at Finland's Olkiluoto 3 is now expected to start in May 2019, the first-of-a-kind EPR unit's supplier consortium has told Finnish utility Teollisuuden Voima Oyj. Regular production had previously been scheduled to begin at the end of 2018.

Fennovoima sees delay in licensing of Hanhikivi 1

New Nuclear

18 September 2017

Hanhikivi with AES-2006 48Finland's Fennovoima now expects to receive the construction licence for its planned Hanhikivi 1 nuclear power plant in 2019. The company had previously expected to start construction of the plant next year, but the review of documentation related to its application is taking longer than originally envisaged.

TVO gains further award in Olkiluoto arbitration

Corporate

20 July 2017

Olkiluoto 3 - August 2016 - 48Finnish utility Teollisuuden Voima Oyj has been awarded a second final and binding partial award in the ongoing arbitration proceedings related to delays in the construction of the first-of-a-kind EPR unit at Olkiluoto. It follows the granting of a partial award to TVO last November.