Power failure: What Britain should learn from Finland's nuclear saga

Wednesday, January 16, 2008

It was hailed as the template for all future reactors – but then they tried to build it.

The island of Olkiluoto, off Finland's west coast, seems like the perfect picture of Nordic serenity. Surrounded by the still, idyllic waters of the Gulf of Bothnia, it looks like an ideal spot for a peaceful retreat away from it all. Anyone wanting to visit the island has to travel down a long, lonely road, hugged tightly on each side by a thick forest of spruce and birch, and avoid the many elk that roam freely.

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Olkiluoto-3 completion targeted for summer 2011

Tuesday, January 8, 2008

Olkiluoto-3 will be completed in "summer 2011," Finnish utility Teollisuuden Voima Oy said. TVO said the Areva-Siemens consortium, which had previously targeted 2011 after a two-year delay on the original
schedule, had informed it December 28 of the summer target.

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Finnish reactor back online after forced shutdowns

Sunday, December 30, 2007

Sun Dec 30, 2007 8:52am EST

HELSINKI, Dec 30 (Reuters) - Finnish utility TVO said on Sunday it had restarted the Olkiluoto 2 nuclear reactor after two separate malfunctions forced shutdowns over the weekend.

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Finnish reactor delays slow nuclear renaissance

Tuesday, December 11, 2007

By Sami Torma
HELSINKI, Dec 10 (Reuters) - Finland is pressing ahead with construction of its fifth nuclear reactor but the plant has faced long delays and seems unlikely to herald a quick revival of Europe's atomic industry.

Construction of the reactor -- one of only two major atomic projects underway in largely nuclear-sceptical Western Europe -- was originally scheduled to start in 2009 but construction delays and rising costs have now pushed that back to 2011.

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EDF nuclear power plant construction faces legal challenge

Friday, December 7, 2007

December 04, 2007: 05:55 AM EST

PARIS, Dec. 4, 2007 (Thomson Financial) -- French anti-nuclear group Sortir du Nucleaire said it has mounted a legal challenge to the construction of EDF's Flamanville nuclear reactor and hopes to get work stopped.

EDF said the construction of the 1,650 megawatts EPR European pressurised water reactor, to be supplied by Areva, has started following ground preparation at the site.

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TVO says won't share nuclear reactor cost overruns with Areva

Friday, September 28, 2007

HELSINKI (Thomson Financial, AFX News Limited) - Finnish utility Teollisuuden Voima Oy (TVO) reiterated that it has no intention of sharing the costs resulting from delays in the construction of the Olkiluoto 3 nuclear reactor with the plant's supplier Areva.'We have not agreed to share costs. We've got a fixed price with a fixed delivery time. We've made our view clear to the plant's supplier,' chief executive Pertti Simola told Finnish business paper Kauppalehti.

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Renewables group questions EC neutrality on nuclear power

Thursday, September 27, 2007

Brussels (Platts) - 26 Sep 2007

A renewable energy group said it was "deeply worried" about the neutrality of the European Commission when it comes to nuclear power. The European Renewable Energies Federation, or EREF, was reacting September 26 to a September 25 EC decision. The EC decision was that there was no illegal state aid involved in the 570-million-euro (US$805 million) export credit guarantee from French export credit agency Coface to French nuclear vendor Areva for the Olkiluoto-3 reactor under construction in Finland.

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Olkiluoto fall

Thursday, September 20, 2007

20 September 2007

A serious occupational accident has happened at Finland’s Olkiluoto unit 3, when a person fell eight metres from the zero level of the turbine plant.

The person was taken to hospital and their condition is serious.

Martin Landtman, TVO senior vice-president of the project, said: “We are very sorry. Our goal in occupational safety is that all accidents should be avoided.”

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Estonia eyes Finnish nuclear plant

Wednesday, September 19, 2007

TALLINN - Top government and energy officials have reiterated Estonia's desire to own a stake in a nuclear power plant that may be built in Finland over the next decade. Prime Minister Andrus Ansip said on Sept. 11 that the Baltic state was interested in the nuclear project which, if built, would be Finland's sixth nuclear power plant.

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EUR 3 billion price tag for construction delay on new reactor at Finland’s Olkiluoto NPP

Wednesday, September 12, 2007

ST. PETERSBURG - According to the Elfii consortium of large Finnish electricity users, a construction delay in an experimental new reactor design at Olkiluoto NPP will cost Nordic electricity users EUR 3 billion, the Finnish business daily Kauppalehti reported. Birthe Weijola, 12/09-2007 Elfi director Antti Koskelainen is quoted saying that the cost of the delay is comparable to the investment cost for the whole reactor.

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