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Finland, Russia to sign contract to build nuclear power plant

Finland’s Fennovoima and Russia’s Rusatom Overseas will sign a contract to build a nuclear power station

Photo ITAR-TASS

Photo ITAR-TASS

HELSINKI, July 4 (Itar-Tass) - Finland’s Fennovoima and Russia’s Rusatom Overseas will sign a contract to build a nuclear power station, the Finnish company reported on Thursday.

The parties have signed an agreement to prepare the contract. Russia is expected to install VVER-1200 reactors. In addition, Rusatom Overseas can get 34percent in Fennoivoima’s authorized capital, the Finnish company said.

The talks on the supplies of reactors were started in April 2013. In February Finland held the dialogue with Japan’s Toshiba. However, the Finnish company made the choice for the benefit of Russia. “This fact proves the high quality of Russian technologies,” Rosatom State Corporation deputy director-general Sergei Komarov told Itar-Tass.

He believes, “If the Finnish company chooses the VVER-1200 technology, this will create the best references on the territory of the European Union.”

In recent years Rosatom State Corporation has actively built nuclear power plants abroad. At present, the corporation has contracts to build over 20 units, including the plants in Iran, India, China, Vietnam, Slovakia, Belarus, Turkey, as well as in the Czech Republic, Jordan and Armenia. In the Soviet times Russian specialists built the Loviisa nuclear power plant with two units.

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