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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
TVO denied extension to decision in principle
The Finnish government has decided not to grant Teollisuuden Voima Oyj (TVO) an extension to its 2010 decision in principle for the construction of a fourth unit at the Olkiluoto nuclear power plant.
New Nuclear
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Friday, 26 September 2014
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