A Russia-backed nuclear power plant in Finland faces another delay to the start of construction, dealing another blow to a project dogged by problems. Fennovoima, the Finnish operator of the new plant, said that it expected to receive a construction licence from local regulators in 2019, a year later than its previous schedule. It declined to say if this would affect the date the reactor would start producing electricity, which is forecast for 2024, saying there would be discussions on the subject this autumn with Rosatom, the Russian state-owned nuclear company building and financing the plant. The original plan was for construction to begin in 2012 with the plant operating as early as next year. Among the challenges has been ensuring there are enough Finnish or EU companies as shareholders after German utility Eon dropped out. It was only at the last minute in 2015 that Finnish utility Fortum was cajoled into becoming an investor to rescue the project.
FT 18th Sept 2017 read more »
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World Nuclear News 18th Sept 2017 read more »