Finnish government rejects Olkiluoto 4 nuclear permit extension

Friday, September 26, 2014

HELSINKI, Sept 25 (Reuters) - Finland's government has rejected an application from utility Teollisuuden Voima (TVO) to extend a permit for a new nuclear reactor in the west of the country, Economy Minister Jan Vapaavuori told reporters on Thursday.

TVO had requested a five-year extension to the Olkiluoto 4 reactor project because it was dealing with delays and overruns at its predecessor, Olkiluoto 3.

TVO, whose biggest owners include paper companies UPM-Kymmene and Stora Enso as well as utility Fortum, has until next summer to submit a construction plan for Olkiluoto 4 to the government.

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