Finnish Government Approves Rosatom Nuclear Reactor Project

RIA Novosti, PUBLISHED 19.09.2014

Finnish nuclear company Fennovoima has received an agreement in principle to build a Rosatom nuclear reactor in Northern Finland, the Finnish government wrote in a statement published on its official website Thursday.

"On 18 September 2014 the Government gave a positive decision-in-principle on an application by Fennovoima Oy to build a Rosatom nuclear reactor unit in Pyha"joki. In the spring of 2014 the company delivered an application to the Ministry of Employment and the Economy to supplement a decision-in-principle that it received in 2010 . . . The Government felt that in accordance with the Nuclear Energy Act, Fennovoima's project remains in the overall good of society," the statement said.

Ten ministers voted in favor of granting the application, while seven ministers voted against. Next, the project will be considered by the Finnish parliament, which can either approve it, or overturn the Cabinet's decision. Finnish nuclear company Fennovoima Ltd and Rusatom Overseas, a subsidiary of Russia's nuclear giant Rosatom, signed a plant supply contract in December 2013.

Rosatom is set to build and part-own a 1,200 megawatt pressurized water reactor at the Hanhikivi 1 plant in Northern Finland. According to the companies' schedule, the nuclear power plant will begin producing electricity in 2024.

Topics: NPP, Europe, Finland

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