nuclear-news

“New Generation” Olkiluoto 3 nuclear plant delayed yet again, as nuke companies squabblee

Olkiluoto 3 nuke plant may be delayed further –TVO Oct 12, 2011

* 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 Siemens has withdrawn from the consortium….http://www.reuters.com/article/2011/10/12/finland-nuclear-idUSL5E7LC0M620111012

October 13, 2011 - Posted by Christina Macpherson | business and costs, Finland