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AREVA threatening Finland’s TVO company over nuclear reactor fiasco

The Nukes of (legal) Hazard: Areva threatens work stoppage at Finnish nuke
Climate progress 1 Sept 09
Escalating a dispute between the companies as to who is to blame for the schedule slippage, Areva said Monday it will not proceed with work on the delayed Olkiluoto nuclear reactor project in Finland until Finnish utility TVO makes unspecified changes to the project.Areva, the French government-owned nuclear giant, made that disclosure in a financial statement for the first half of 2009.

Ouch.  That is from Energy Daily (subs. req’d).  The Financial Times story begins:

The financial risks of nuclear power were cast into sharp relief on Monday as Areva, the French state-owned group, revealed new provisions on its troubled Finnish reactor project that virtually wiped out interim operating profits.

Double ouch!

The ongoing saga between Areva and Finland is now more like an episode of Desperate Housewives than a sitcom,

The Nukes of (legal) Hazard, Episode 5: Areva threatens work stoppage at Finnish nuke « Climate Progress

September 5, 2009 - Posted by Christina Macpherson | 1, business and costs, Finland | antinuclear, AREVA, nuclear, nuclear costs