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Delays, increased costs and geopolitical uncertainties throw doubt on construction of nuclear power station in Finland.

Nuclear power plant construction in north Finland faces delay, increased costs and geopolitical uncertainties

Costs for the partly Russian-owned controversial plant will be €1 billion more than previously estimated. Barents Observer,    By Thomas Nilsen , April 29, 2021

“Further deterioration of political and commercial relations between the EU, the USA and Russia could lead to more sanctions between the parties. Such deteriorated international affairs and sanctions could influence the project’s schedule and financing, in particular,” Fennovoima writes in its updated construction license application to Finnish authorities on Wednesday. 

Work on the site in Pyhäjoki south of Oulu is in full swing despite final permission for the reactor itself at Hanhikivi 1 nuclear power plant is not yet granted.

The original application was delivered in 2015, but as Fennovoima sees “changes in boundary conditions,” an updated application was made. Among other things, the application includes an additional survey on the power plant’s impact on the marine environment and fishery during operation.

Other changes are related to security and preparedness arrangements and design solutions, although, no changes to the key principles of the power plant, Fennovoima underlines…….

Russia’s state-owned nuclear corporation holds a 34% stake in the plant. For Moscow, export of civilian nuclear power reactors is both a commercial revenue and a source of symbolic technology pride.

Last week, government officials in the Czech Republic said they were kicking Rosatom out of the play for bidding at a planned new reactor for the Dukovany nuclear power plant. The move came amid the diplomatic turmoil between Prague and Moscow following a 2014 blast in a weapons storage which Czech intelligence blames Russian military spies for being involved.

Like with the Czech nuclear power plant, also Fennovoima’s Hanhikivi 1 reactor is planned to receive uranium fuel supplies from Russia……..  https://thebarentsobserver.com/en/nuclear-safety/2021/04/construction-nuclear-power-plant-runs-delay-costs-increase-and-geopolitical#.YIp3J6ITqk0.twitter

May 1, 2021 - Posted by | business and costs, Finland, politics international

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