Greenpeace objects to "Super Waste" Storage

Wednesday, August 6, 2008

Greenpeace has raised objections to the underground disposal of highly radioactive wastes from the new Olkiluoto 3 nuclear power unit.

In a statement issued on Wednesday, Greenpeace says that the nuclear power industry has plans to create a new underground disposal facility at the Olkiluoto site for the ""super waste" spent fuel that will be created by the Olkiluoto 3 nuclear power unit.

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Fire at Finnish nuclear reactor construction site

Wednesday, July 30, 2008

HELSINKI, July 30 (Reuters) - A small fire at the construction site for a new nuclear reactor in Olkiluoto, western Finland, spread to two floors of the reactor building, before it was put out, plant operator Teollisuuden Voima (TVO) said on Wednesday.

"A small amount of contruction materials had caught fire," TVO said in a statement, and added the fire was noticed at around 2:00 a.m (2300 GMT) and it was put out four hours later.

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European renewables lobby sues commission over Finnish nuke

Tuesday, July 1, 2008

Greenpeace Finland said in a statement Monday that Brussels-based lobby the European Renewable Energies Federation had brought an action before the European Court of Justice challenging the European commission's September 2007 declaration that a 570-million-euro guarantee granted by Coface, a privatised company that continues to act in its eponymous role as the French government's export guarantee agency, to Finnish utility Teollisuuden Voima (TVO) did not constitute illegal state aid.

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The nuclear option

Saturday, June 28, 2008

Gordon Brown has committed Britain to a nuclear future, but can a new generation of reactors shed their murky, costly image in time to solve the looming energy crisis?

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Power Company Could Pay for Nuclear Reactor Delays

Monday, June 2, 2008

The French nuclear power company Areva could end up paying billions of euros to compensate for delays in the Olkiluoto nuclear power project.

A report in the online financial publication Capital said that Areva could pay the power generation company Teollisuuden Voima up to 2.2 billion euros. The publication based its report on information from confidential sources. Areva refutes the claims.

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Olkiluoto Reactor Still Closed by Electrical Fault

Monday, June 2, 2008

The No. 1 nuclear reactor at Olkiluoto on Finland's west coast remains offline due to an electrical problem. The fault was detected on Friday when technicians were re-starting the plant after annual maintenance work.

The TVO utility is trying to find out what caused the problem, and says that it is impossible to say when the reactor can be re-started.

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Areva denies report it may have to pay TVO 2.2 bln eur for nuclear plant delays

Thursday, May 22, 2008

PARIS (Thomson Financial) - Nuclear power plant maker Areva denied a report on the website of the French business magazine Capital that it may be obliged to pay 2.2 billion euros in penalties to Finnish power generator TVO for delays in the construction of the Olkiluoto 3 nuclear plant.

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TVO Files New Nuclear Reactor Application

Saturday, April 26, 2008

The power utility Teollisuuden Voima (TVO) on Friday filed an application for a decision-in-principle concerning the construction of a new nuclear power plant unit at Olkiluoto on Finland's west coast.

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Siemens sees impact from Finnish plant delay

Monday, March 31, 2008

FRANKFURT, March 31 (Reuters) - German engineering group Siemens expects a "not insignificant" financial impact from delays in completing a nuclear power plant in Finland, a German daily reported on Monday.

Frankfurter Allgemeine Zeitung quoted a Siemens spokesman as saying: "That is certainly aggravating."

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Siemens profit warning sends a shiver

Wednesday, March 19, 2008

(FT) Siemens, Europe’s largest engineering group, shed €12.5bn ($19.7bn) in market capitalisation Monday after a shock €900m profit warning led to fears that the crisis in financial markets could be creeping into industrial companies.

The German conglomerate blamed a contract cancellation, project delays and capacity issues for the warning – all issues that investors are nervously eyeing. But Siemens said the subprime crisis was having no impact on its business, a line backed up by other industrial groups such as Linde, the world’s largest industrial gases group.

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