More partners pull out of Fennovoima nuclear project UUTISET, 14 Nov 13, The consortium of Finnish power companies backing a planned nuclear power plant in Pyhäjoki, western Finland is shrinking. Some 15 members of the Fennovoima public power consortium announced Thursday that they were pulling out of the project, leaving 45 partners still on board. Thursday’s development saw 15 members of the Voimaosakeyhtiö SF announce their withdrawal from the planned nuclear power project in Ostrobothnia, western Finland. Voimaosakeyhtiö is a power consortium comprising 67 companies who jointly own Fennovoima.
Among the companies that decided to withdraw support from the nuclear power plant are Boliden Harjavalta, Boliden Kokkola and Componenta.
Back in 2012, Finnish retail cooperative S-Group and the German-based power giant E.ON announced that they were leaving the project behind. E.ON sold its 34 percent stake in the consortium, saying that the move was part of a strategy to sell off all of its Finnish operations.
S-Group said it shed its three-percent shareholding to focus on investments that would benefit its shareholders.
Fennovoima still in talks with Rosatom
About 45 companies remain as partners to the project. However their support is still conditional, given that Fennovoima is still in talks with Russian nuclear contractor and proposed minority owner, Rosatom.
The remaining consortium members include mining company Talvivaara, steel company Outokumpu, dairy company Valio and a group of regional energy companies…….http://yle.fi/uutiset/more_partners_pull_out_of_fennovoima_nuclear_project/6934299
costs have steadily climbed, calling into question the profitability of the undertaking.
Areva Again Raises Estimate of Cost of Reactor NASDAQ, By Dow Jones Business News, December,13 2012, By Inti Landauro PARIS--French nuclear engineering firm Areva (AREVA.FR) raised its estimate Thursday of the cost of building the new generation reactor under construction since 2005 in Finland.
Chief Executive Luc Oursel said the reactor in Olkiluoto will ultimately cost about 8 billion euros, same as a similar reactor it is building in Flamanville, in northern France. That’s well over the last cost estimate of around EUR6.4 billion. Read more »
“It is entirely possible that Finland’s Fennovoima project will fail as a result of EON’s exit,”
“A cancellation of the project seems very likely.”
Utilities are pulling out of nuclear projects across Europe as financial constraints and uncertainty over energy prices increases risk.
EON Exit From Finnish Nuclear Reactor May Trigger Failure Bloomberg, By Torsten Fagerholm – Nov 1, EON AG (EOAN)’s plan to pull out of a joint venture that’s building a nuclear reactor in Finland increases the risk that the project may fail, thwarting the government’s plans to cut reliance on energy imports. Read more »
Utilities are pulling out of nuclear projects across Europe as uncertainty over energy prices makes them too risky. EON’s withdrawal from Finland follows its decision in September 2011, along with SSE Plc and RWE AG (RWE), to give up building nuclear plants in the
EON Withdraws From Finnish Nuclear Project on Price Slide, Bloomberg By Torsten Fagerholm – Oct 24, 2012 EON AG, Germany’s biggest utility, plans to withdraw from the Fennovoima Oy nuclear reactor in Finland after European energy prices declined, threatening the viability of the project. Read more »
Finland’s Olkiluoto 3 nuclear plant delayed again, BBC News 16 July 12 Olkiluoto 3 has been hit by repeated delays and is over budget The launch of a flagship nuclear power station in Finland has been delayed for a third time, officials say.
Finnish electricity company TVO says the Olkiluoto 3 plant will not be ready by the latest deadline of 2014 and a new timetable has not yet been set.
The plant will be powered by a new generation of nuclear technology called the European Pressurised Reactor (EPR)….. Olkiluoto 3, originally due to be ready by 2009, is being built by French nuclear company Areva and German engineering giant Siemens.
In a statement, TVO said it was “not pleased with the situation” although solutions to various problems were being found one by one and work was “progressing”.
It said it was waiting for a new launch date from Areva and Siemens.
Work on the site in south-west Finland began in 2005 but has been hit by repeated delays and has run way over budget….. a similar project in Flamanville in northern France is itself running four years behind schedule…. http://www.bbc.co.uk/news/world-europe-18862422
Nuclear dawn delayed in Finland BBC News, By Rob Broomby 8 July 2009 The turbine is the world’s largest and will generate about 2m horse power When it is finished, Finland’s 3 (OL3) nuclear reactor will be the biggest the world has ever seen, the excavation site alone is the size of 55 football fields.
It was to have been a pilot project for bigger, better, cleaner, Generation III reactors, which would lead the charge back to nuclear power in a continent which had gone cold on atomic energy after the accidents at Chernobyl and Thee Mile Island.
But hopes of an early nuclear dawn on the Baltic coast are fading - Read more »
The “white male effect” – psychologists show that affluent white men are the most accepting of nuclear waste dumps
Where to put nuclear waste? e! science news, , June 19, 2012 Researchers in Finland have found that acceptance of the site of a spent nuclear fuel repository can depend on gender and economic background. Writing in the International Journal of Environmental Technology and Management, the team reports that affluent men more often have a positive opinion on the location of such facilities than women or disadvantaged people.
While the actual quantities of nuclear waste around the globe are relatively small, the disposal or storage of such materials remains a controversial and sensitive issue and one
that is likely to grow if more nuclear power plants are built. Matti Kojo of the University of Tampere and Mika Kari and Tapio Litmanen of the University of Jyväskylä have recently canvassed and analyzed local opinion on the siting of a nuclear waste repository in the
municipality of Eurajoki, Finland. They have demonstrated what they refer to as a “white male effect” associated with acceptance of such facilities close to a residential area…..
there is the problem of time. HLW will remain dangerous for longer than civilization itself has existed. Future civilizations may not even have the ability to address the dangers—even if we could somehow warn them what they’re dealing with.
Meanwhile, the construction of new nuclear facilities continues apace, even in the U.S. Earlier this year, federal regulators granted licenses to construct two new plants in Georgia, the first such licenses in the U.S. since 1978. So our waste problem, and the world’s, will only get worse.
Finland’s Crazy Plan to Make Nuclear Waste Disappear, Popular Mechanics, By Tim Heffernan 11 May 12, The U.S. plan to bury nuclear waste in Yucca Mountain may be dead, but in Finland, engineers are going ahead with a plan to build an enormous bunker to house the dangerous stuff. And they have a radical solution to keep future civilizations away—hide the nuclear waste somewhere so unremarkable and unpleasant that nobody would ever think to go there. Barring a disaster—or a miracle, depending on your viewpoint—the Finnish government later this year will begin the final licensing of the world’s first permanent storage facility for high-level nuclear waste. Read more »
Outokumpu workers exposed to radiation http://af.reuters.com/article/metalsNews/idAFL5E8DO6SX20120224
* Four Outokumpu workers exposed to radiation
* One worker’s exposure “material safety risk”
* Radiation should not have adverse health effects
* Recycled steel had contained americium (Adds detail) Read more »
EDF to boost security at nuclear power plants-CEO Dec 8, 2011 Dec 8 (Reuters) – EDF will reinforce security at its nuclear power plants, its chief executive said on Thursday, after Greenpeace activists succeeded in entering two of them this week to alert the public on their lack of security.
Greenpeace activists entered the Nogent plant near Paris early on Monday and climbed onto one of the domes that houses a reactor, while others went into the Cruas nuclear power site in southeastern France.
“Measures have already been decided which will make this kind of intrusion even more difficult and probably more painful,” Proglio said on the margins of a partnership announcement with GE Energy. He declined to give details on those measures….
France’s dependence on nuclear energy, more than any other country, has been much debated ahead of the presidential election in April. The Socialist Party and the Greens struck a deal last month to shut France’s 24 oldest reactors by 2025 and not to build any more reactors if they come to power, marking a U-turn by the Socialists who had supported nuclear power in the 1980s and the 1990s.
After Japan’s Fukushima disaster in March 2011, France decided to carry out safety tests on its 58 nuclear reactors to check their capacity to resist flooding, earthquakes, power outages and failure of the cooling systems as well as operational management of accidents.
The tests did not include terrorist attacks or the possibility of a plane crash. (Reporting By Muriel Boselli, editing by Jane Baird)
* TVO says Olkiluoto 3 may start in 2014
* Areva says plans fuel load by end 2012
* Both blame each other for delays
HELSINKI/PARIS, Oct 12 (Reuters) – Finnish utility firm Teollisuuden Voima (TVO) blamed supplier Areva for further delays to the construction of its Olkiluoto 3 nuclear power plant which may further push back operations to 2014.
The 1,600 megawatt plant Olkiluoto 3, Finland’s fifth nuclear reactor, was originally scheduled to start operations in 2009 but delays and soaring costs meant TVO revised its start date to 2013.
TVO said its plant supplier, a consortium originally formed by France’s Areva and Siemens AG (SIEGn.DE), had informed it of delays in building the reactor’s automation system and in installing piping and electrical systems.
TVO and Areva-Siemens disagree over who is responsible for the delays and have taken a dispute over payment to the International Chamber of Commerce. Siemens has withdrawn from the consortium….http://www.reuters.com/article/2011/10/12/finland-nuclear-idUSL5E7LC0M620111012
Dispute over disposal of nuclear waste brewing between power companies,
Pyhäjoki waste would not all fit in Olkiluoto, HELSINGIN SANOMAT, 7 Oct 11, Disagreement over the final storage of nuclear waste flared up soon after the power company Fennovoima announced on Wednesday that it had decided to build a new nuclear facility in Pyhäjoki on Finland’s west coast. Read more »
Nuclear power opponents joining forces, YLE.fi 5 Oct 11, Finland. Opponents of nuclear power are continuing efforts to reverse decisions on the construction of new facilities, despite Wednesday’s announcement of plans to build a nuclear power plant at Pyhäjoki on the northwest coast. Environmentalists say that now that plans are settled, local opponents can better focus their campaign.
The chairman of the Kemi regional chapter of the Finnish Association for Nature Conservation, Aimo Tervahauta, points out that construction of the plant is not yet a complete certainty since it will still require a number of different permits from various authorities.
He pointed out that Wednesday’s announcement was merely publication of the decision by Fennovoima. ”This announcement by Fennovoima, or actually by the German energy giant E.ON, was about where it wants to construct a new plant. It is their idea and their announcement. Before that plant goes up, it will need numerous permits, such as environmental impact and construction permits,” noted Tervahauta.
According to Tervahauta, there is plenty to be criticized in the environmental impact study commissioned by Fennovoima. ”Both alternative sites were the basis for the Fennovoima environmental impact study. Both Pyhäjoki [authorities] and we viewed it as being superficial and lax. Now that more specific permits will be under consideration, there can be more action taken in greater detail.” http://www.yle.fi/uutiset/news/2011/10/nuclear_power_opponents_joining_forces_2926766.html
the companies are planning to make Onkalo only large enough for waste from their own potential seven reactors
the Finnish Radiation and Nuclear Safety Authority (STUK) has identified safety concerns at operating Finnish power plants as part of stress tests conducted after last spring’s Fukushima crisis in Japan. These include the lack of backup cooling systems that are independent of electrical supply at the Olkiluoto1 and 2 reactors.
a honeycomb of storage sites extending over an area of several square kilometres will weaken the bedrock, making it vulnerable to earthquakes,
includes VIDEO TVO: No room for Fennovoima waste in nuclear cave, YLE FI 4 oct 11, Onkalo on Finland’s west coast will be the world’s first permanent nuclear waste repository. The project director of the Olkiluoto 3 nuclear power plant, TVO Senior Vice President Jouni Silvennoinen, insists there is no space for waste from utilities other than TVO or Fortum in the Onkalo underground disposal site on Finland’s west coast. Read more »
many inconsistencies which seem to point to the existence of illegal trade in uranium, according to the cable. However, the cable stresses that most evidence is circumstantial and inconclusive……
Wikileaks: Finnish Factory Suspected of Illicit Uranium Trade YLE Uutiset , 22 Dec 10, The whistleblowing website Wikileaks has published a cable by the US embassy in the Democratic Republic of Congo (DRC) implicating Finland-based OMG Kokkola Chemicals in uranium trafficking.The cable details the operations of the Belgian-owned Malta Forest Company, from which OMG Kokkola Chemicals would later buy raw materials. Read more »
- 1 NUCLEAR ISSUES
- business and costs
- climate change
- indigenous issues
- marketing of nuclear
- opposition to nuclear
- politics international
- Religion and ethics
- secrets,lies and civil liberties
- weapons and war
- 2 WORLD
- MIDDLE EAST
- NORTH AMERICA
- SOUTH AMERICA
- Christina's notes
- Christina's themes
- rare earths
- resources – print
- Resources -audiovicual