Finnish energy firm Fennovoima and Rosatom’s unit Rusatom Overseas signed a contract to build the Hanhikivi-1 nuclear plant in December 2013, while the license was granted to Fennovoima already in mid-2010. As the Russian company was not mentioned as a reactor provider for the plant when the license was issued, the Finnish side decided that the project should be approved by parliament one more time.
Fennovoima expects that the government will approve the project, as it fully meets the society’s interests.
Rusatom Overseas is to supply a 1,200-megawatt reactor to the plant. The construction of the plant will start no earlier than in 2015.
According to Finnish media, the cost of the project amounts to 6.5 billion euros, with Fennovoima expected to invest 1.6 billion euros and the reminder to come from Rosatom.
Fennovoima has recently said there were no grounds to freeze the project despite a difficult international situation.