In December 2013, Fennovoima and Rosatom’s unit Rusatom Overseas signed a contract to build the plant, while the license was granted to Fennovoima already in mid-2010. In August, the government delayed the consideration of the project, as the Russian company was not mentioned as a reactor provider when the license was issued.
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 euros and the reminder to come from Rosatom.
Rosatom acquired a 34% stake in Fennovoima in late March for €35.9 million.