Finland’s Olkiluoto 3 nuclear reactor faces further delays

Finland’s Olkiluoto 3 nuclear reactor faces further delays

The proposed Olkiluoto 3 nuclear power plant in Finland could face further delays, having been postponed by over a decade already, according to its operator Teollisuuden Voima (TVO).

French state-owned nuclear company Areva is leading the project in western Finland, which has experienced continued delays and increasing costs, with the final testing now running behind schedule.

TVO said: “The completion of the commissioning tests has not been progressing according to the updated schedule”.

“TVO cannot estimate whether or not the schedule will influence the start of the regular electricity production in September 2019.”

A long running dispute plant between Areva and TVO over the Olkiluoto was settled in March, which resulted in Arevo having to pay €450 million to TVO, with an additional penalty of up to €400 million if the project is not compete by the end of 2019.

The project, originally set to begin production in 2009, will be Finland’s fifth and biggest nuclear reactor and will generate 10% of the country’s energy needs.

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