nuclear-news

More delays for Finland’s nuclear white elephant Olkiluoto 3

HELSINKI, Sept 1 (Reuters) – Finland’s Olkiluoto 3 nuclear reactor will be delayed until late 2018, construction consortium Areva-Siemens said, prompting a disgruntled statement from its client Teollisuuden Voima (TVO).

Areva-Siemens said the construction of plants, which started in 2005, would not be completed before mid-2016, and that operations were not expected to start until late 2018…….Olkiluoto 3, which will be Finland’s fifth nuclear reactor, was originally due to start operating as early as 2009, but it has been hit by repeated delays and soaring costs.

TVO and Areva have traded accusations about who is to blame for delays and extra costs, and the International Chamber of Commerce’s (ICC) arbitration court is processing a dispute on cost overruns between the consortium and TVO……..http://af.reuters.com/article/commoditiesNews/idAFL5N0R20CV20140901

September 1, 2014 - Posted by Christina Macpherson | general