nuclear-news

Arbitration over delays in nuclear build

Arbitration over delays in nuclear build
World Nuclear News 05 January 2009The row over delays at the Olkiluoto 3 new-build project has grown more serious after constructing consortium Areva-Siemens took their customer Teollisuuden Voima Oyj (TVO) to arbitration…………………
……In the first half of last year, TVO submitted a claim to Areva-Siemens for compensation for “losses and costs incurred due to the delay” in completing the construction project. TVO has also rejected a claim presented to it by Areva-Siemens, and it is this claim for which the consortium has filed a request for arbitration with the International Chamber of Commerce. Areva said that it initiated the proceedings on 5 December 2008; TVO announced that it had received notification on 30 December 2008.

 

Arbitration over delays in nuclear build

January 7, 2009 - Posted by Christina Macpherson | business and costs