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Owners and suppliers of Finland’s Olkiluoto 3 nuclear reactor – locked in dispute over delayed project

Reuters 14th Nov 2017, Pohjolan Voima Oy (PVO), the largest shareholder in Finland’s
long-delayed Olkiluoto 3 nuclear reactor, could make additional
compensation claims against suppliers Areva and Siemens following a recent
setback, PVO said on Tuesday.

The start of regular power production at
Olkiluoto 3 – Finland’s largest reactor – was last month postponed by
another five months to May 2019. “It (further compensation) has been
briefly discussed (within PVO). I don’t want to enter further this topic
as it is an issue for (reactor operator) Teollisuuden Voima (TVO) to
decide,” PVO CEO Lauri Virkkunen, told Reuters.

The owners and supplier are locked in a dispute over the plant’s delays at the International
Chamber of Commerce, where TVO is claiming 2.6 billion euros ($3.06
billion) from the Areva-led consortium, which has filed a counter-claim of
3.6 billion euros….

https://www.reuters.com/article/finland-nuclear-olkiluoto-pvo/update-3-owner-of-finnish-nuclear-reactor-may-seek-further-compensation-idUSL8N1NK6OZ

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November 16, 2017 - Posted by | Finland, Legal

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