Fennovoima has today submitted to the Ministry of Employment and the Economy an update to the application for a construction license for the Hanhikivi 1 nuclear power plant. In the update, the company describes the material changes and development that have taken place in the project since the original license application was submitted. Bringing the design and licensing material to the level of Finnish requirements, including the regulatory review times, has taken slightly longer than expected. In the update, Fennovoima estimates that it could obtain the construction license by summer 2022 and that construction of the power plant would begin in the summer 2023. Commercial operation of the plant would thus begin in 2029. Fennovoima also specifies the total investment costs of the project. Instead of the previously announced € 6.5–7 billion, the estimated total cost is currently € 7–7.5 billion.
Hanhikivi 28th April 2021 read more »
Nuclear power plant construction in north Finland faces delay, increased costs and geopolitical uncertainties. Costs for the partly Russian-owned controversial plant will be €1 billion more than previously estimated.
Barents Observer 29th April 2021 read more »
The planned Hanhikivi 1 nuclear power plant in Finland is now likely to enter commercial operation a year later and cost up to EUR1 billion (USD1.2 billion) more than previously expected, Fennovoima says in an update to its construction licence application. The company submitted the update today to the Ministry of Economic Affairs and Employment.
World Nuclear News 28th April 2021 read more »