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Finland’s Fennovoima nuclear station dependent on Russia for all the finance

“……the extraordinary problems at Olkiluoto have cast doubts over Finland’s ability to manage such projects, while Fennovoima was hit by a farcical hunt for European investors for Hanhikivi.

And all of that is not counting the furore surrounding the participation of Rosatom, the Russian state-controlled nuclear company. As well as providing the reactor and serving as the main shareholder in Fennovoima, Rosatom is also supplying all the finance and the atomic fuel.

Worries about Russian involvement almost brought down the previous Finnish coalition government. The Green party left the administration, accusing its former partners, some of whom are still in power, of pursuing a policy of “Finlandisation” — an extremely loaded term locally meaning the accommodation of Russian views in Finnish policy. …..

The deal is also of huge importance to Rosatom and its international ambitions to play a leading role in any revival of nuclear power outside the former Soviet Union…..”  Finland raises its bet on nuclear power, Ft.com 5 June 16 

June 6, 2016 - Posted by | Finland, marketing, Russia

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