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Finnish regulator approves Posiva's waste repository plan
Finland's radiation and nuclear safety authority has given its backing to Posiva's application to construct a final repository and waste encapsulation plant.
Waste & Recycling
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Thursday, 12 February 2015
Rusatom Overseas names key sub-suppliers for Hanhikivi 1
Rusatom Overseas has signed contracts with several suppliersÌýthat bid for work on the Hanhikivi nuclear power plant project in Finland. A subsidiary of state nuclear corporation Rosatom, Rusatom OverseasÌýis responsible for promoting Russian nuclear technology on the global market.
New Nuclear
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Wednesday, 21 January 2015
Russia approves $2.3 billion funding for Hanhikivi 1
Russia's Cabinet of Ministers has approved up to RUB150 billion ($2.3 billion) in funding from the country's sovereign wealth fund for the Hanhikivi 1 nuclear power plant project in Finland.
Nuclear Policies
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Monday, 19 January 2015
Finland's TVO plans cost cuts of nearly $18 million
Teollisuuden Voima, the Finnish nuclear power company, plans to restructure its operations amid low wholesale electricity market prices.
Corporate
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Friday, 9 January 2015
Parliament approves Fennovoima's amendment
The Finnish parliament today voted in favour of Fennovoima's supplement to the decision in principle regarding the construction of a new nuclear power plant in Pyhäjoki, Finland. The vote was carried by 115 to 74.
New Nuclear
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Friday, 5 December 2014
Fortum ready to take minority stake in Fennovoima nuclear project
Fortum would be ready to participate with a minority - maximum 15% - stake in the Fennovoima nuclear power plant project, provided that Fortum obtains a 75% or moreÌýownership in the hydro assets of Russian territorial generating company TGC-1, the Finnish power producer said in a stock exchange release today.
Corporate
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Tuesday, 2 December 2014
Approval for Hanhikivi plans ahead of vote
The Commerce Committee of the Parliament of Finland has given its approval to Fennovoima's plans to build a Rosatom reactor at Hanhikvi. The Finnish government is to take a final vote on an amended decision-in-principle in a plenary session on 5 December.
New Nuclear
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Friday, 28 November 2014
Voimaosakeyhtiö raises stake in Hanhikivi project
Finland's Voimaosakeyhtiö SF has increased its share in the planned Hanhikivi 1 nuclear power plant to 55.5% from 50.2%. The plant, to be built in Pyhäjoki in northern Finland, is scheduled to start generating electricity by 2024.
New Nuclear
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Wednesday, 26 November 2014
Olkiluoto fuel supply contracts renewed
Areva and Westinghouse are to supply fuel for units 1 and 2, respectively, of the Olkiluoto nuclear power plant between 2016 and 2019 under renewed contracts with Finnish utility Teollisuuden Voima Oyj.
Uranium & Fuel
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Tuesday, 18 November 2014
Areva-Siemens updates Olkiluoto 3 arbitration claim
UPDATED
The Areva-Siemens consortium supplying the first-of-a-kind Olkiluoto 3 EPR has updated its arbitration claim against Finnish utility Teollisuuden Voima Oyj (TVO) to €3.4 billion ($4.3 billion).
Corporate
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Monday, 27 October 2014
TVO increases claim against Areva-Siemens in arbitration
Finnish utility Teollisuuden Voima Oyj (TVO) has revised its estimated costs and losses relating to the continued delay in completion of the first-of-a-kind EPR at Olkiluoto.
Corporate
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Wednesday, 22 October 2014
Finnish, Indian regulators to cooperate
The Finnish and Indian nuclear regulators are to exchange information following the signing of a cooperation agreement between the two countries.
Regulation & Safety
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Thursday, 16 October 2014
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