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Further delay, more costs, for Finland’s nuclear power station, Fennovoima

Helsinki Times 4th May 2021, THE NUCLEAR POWER PROJECT of Fennovoima in Pyhäjoki, North Ostrobothnia,
is set to be delayed further, writes YLE. The Finnish consortium of power
and industrial companies stated last week that its effort to ensure the
design and licencing materials meet the Finnish standards has taken longer
than expected, predicting that a building permit for the plant could be
secured by mid-2022 instead of 2021.

The construction would therefore start
in the summer of 2023 and the plant start commercial operation in 2029. The
timetable is set forth in a supplement attached last week to the building
permit application the consortium filed with the Ministry of Employment and
the Economy in 2015. Fennovoima, the supplement reveals, has also raised
its cost estimate for the project from 6.5–7.0 to 7.0–7.5 billion
euros, citing its own operational and administrative costs.

May 6, 2021 - Posted by | business and costs, Finland

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