nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Finland’s TVO wins partial ruling in nuclear reactor dispute with Areva

Reuters 19 Jul 17 

*Olkiluoto nuclear project almost decade late* Finnish TVO, French Areva claim billions from each other

* Final decision seen coming in early 2018 (Adds comments, detail)

By Jussi Rosendahl and Benjamin Mallet HELSINKI/PARIS, July 20  – Finnish utility Teollisuuden Voima (TVO) said on Thursday it had received another favourable partial decision from the International Chamber of Commerce (ICC) in its long-running dispute with nuclear reactor supplier Areva.

The companies are claiming billions of euros from each other due to years of delays and cost overruns on the Olkiluoto 3 EPR reactor project in southwest Finland.

The new partial ruling addressed preparation, review, submittal, and approval of design and licensing documents on the project…..

The cost of Olkiluoto 3 was initially estimated at 3.2 billion euros ($3.7 billion), but Areva in 2012 estimated the overall cost at closer to 8.5 billion euros……http://www.reuters.com/article/tvo-areva-arbitration-idUSL5N1KB1V4

Advertisements

July 21, 2017 - Posted by | Finland, Legal

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: