Chief Executive Luc Oursel said the reactor in Olkiluoto will ultimately cost about 8 billion euros, same as a similar reactor it is building in Flamanville, in northern France. That's well over the last cost estimate of around EUR6.4 billion.
"Our estimation is that the whole project (in Finland) will have a cost in constant euros close to Flamanville," Mr. Oursel said during a press conference.
PARIS (Reuters) - French utility EDF has raised the cost of the construction of its next-generation nuclear reactor by more than 2 billion euros on Monday, the latest in a series of overruns for the first EPR reactor built in France.
Stricter regulation in the wake of the Fukushima nuclear disaster contributed to bringing the total cost of the 1,600-MW Flamanville European pressurized reactor to 8.5 billion euros ($11.11 billion), the group said.
The launch of a flagship nuclear power station in Finland has been delayed for a third time, officials say.
Finnish electricity company TVO says the Olkiluoto 3 plant will not be ready by the latest deadline of 2014 and a new timetable has not yet been set.
Dec 11 (Reuters) - French nuclear reactor maker Areva will announce large losses on Tuesday when the group unveils its strategy, French Industry Minister Eric Besson said on Sunday.
"I can confirm that Areva will announce losses," Besson told Radio J. "In all likelihood, they will be big."
HELSINKI/PARIS, Oct 12 (Reuters) - Finnish utility firm Teollisuuden Voima (TVO) blamed supplier Areva for further delays to the construction of its Olkiluoto 3 nuclear power plant which may further push back operations to 2014.
The 1,600 megawatt plant Olkiluoto 3, Finland's fifth nuclear reactor, was originally scheduled to start operations in 2009 but delays and soaring costs meant TVO revised its start date to 2013.
The UK nuclear regulator said Wednesday it expects both the Areva EPR and the Westinghouse AP1000 reactors to have unresolved safety issues when the generic design assessment, or GDA, program completes next year. In a quarterly progress report released Wednesday, the NII said it has potential open issues in 10 out of 18 topical areas on the Areva EPR design review and in 16 out of the 18 topical areas on the Westinghouse AP1000 design.
MUMBAI: Retired supreme court judge P B Samant, former admiral L Ramdas, retd high court judge B G Kolse-Patil and Vaishali Patil, the Medha Patkar of Konkan, are among those who have been banned from entering Ratnagiri district in view of the 'jail bharo' agitation on October 29 at Jaitapur, where India's biggest nuclear power plant (10,000 MW) is to come up.
PARIS - French electricity generator EDF is working on two new nuclear reactor designs of its own which could rival those made by Areva, the world's biggest atomic energy company, the Expansion magazine said.
In a report to appear Wednesday, Expansion said EDF is "looking at its own series of reactors," power rated at 1,000 and 1,500 Megawatts, which if finalised could be competition for Areva's third generation European Pressurised Reactor (EPR) and its Atmea design.
Construction of Electricite de France SA’s EPR nuclear reactor at Flamanville in Normandy is running about 24 months late, Le Figaro reported, citing an unidentified person.
EDF’s director in charge of the project, Herve Machenaud, responded that progress is still being evaluated, the newspaper said.
Constant hold-ups, skyrocketing costs, faulty construction…Finland’s new Olkiluoto reactor, touted as the great white hope for Europe’s nuclear sector, is looking more and more like a great white elephant – and casting a fat black shadow over the whole industry.
