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Operating licence for Olkiluoto 3 nuclear reactor applied for by TVO

Finland’s TVO applies for delayed Olkiluoto nuclear plant licence  Apr 14, 2016 

Finnish utility Teollisuuden Voima (TVO) has applied for an operating licence for its much-delayed Olkiluoto 3 nuclear reactor, saying it is on track to start production in late 2018.

“This is a significant milestone. The project is moving from installations to tests,” project manager Jouni Silvennoinen said in a statement on Thursday.

It was originally due to start operation in 2009, and TVO has traded blame for the delay with the plant’s supplier consortium Areva-Siemens , with both demanding billions of euros from each other in an ongoing arbitration at the International Chamber of Commerce. (Reporting by Jussi Rosendahl; Editing by Alexander Smith)

April 15, 2016 - Posted by | business and costs, Finland

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