Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Rosatom says no plans to raise 34% stake in Finnish nuke project

September 17, 2014, 18:42 UTC+3 HELSINKI

Rosatom acquired the 34% stake in Fennovoima in late March for €35.9 million

1 pages in this article
© Archive ITAR-TASS/Ilya Yakovlev

HELSINKI, September 17. /ITAR-TASS/. Russian nuclear power corporation Rosatom has no plans to increase its 34% stake in Finnish nuclear company Fennovoima, the operator of the project to build the Hanhikivi-1 nuclear plant, Rusatom Overseas’ representative Roman Dyukarev told Finnish broadcasting company Yle on Wednesday.

“We have no plans to grow it. Though we wish we could have more, because the business case is so great. But again, as I said, we strongly believe that the majority, 60-plus percent, should be owned by Finnish companies,” Dyukarev said.

Rosatom acquired the 34% stake in Fennovoima in late March for €35.9 million.

Concerning the current political situation in the world, Dyukarev said that the plant’s construction was not a short-term project and politics had no role in it.

“It is a 100-year-long project. 10 years to construct, 60 years to operate, then hopefully 20 years to operate to get an extension approved by the state, and then 10 years to decommission,” he said. “The politics in the 100-year project doesn’t play a role,” he said.

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, with Fennovoima expected to invest €1.6 billion and the reminder to come from Rosatom.

Show more
In other media
Partner News