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Russian nuclear corporation to start construction of Hanhikivi NPP in Finland in 2017

March 22, 2016, 17:49 UTC+3 NOVO-OGAREVO

The power plant is expected to start generating electric power in 2024

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© Ruslan Shamukov/ITAR-TASS

NOVO-OGAREVO, March 22. /TASS/. Construction of the Hanhikivi 1 nuclear power plant in Finland to be implemented by the Russian nuclear corporation Rosatom will start in 2017. Such information is contained in materials for the working visit of Finland’s President Sauli Niinisto to Moscow.

The power plant is expected to start generating electric power in 2024.

In December 2013, Rusatom Overseas [Rosatom’s subsidiary - TASS] and Finnish Fennovoima signed the contract for construction of Hanhikivi-1 nuclear power plant. Along with the construction contract, a ten-year fuel contract was signed with Russia’s company TVEL.

Russia’s revenues from the Hanhikivi-1 nuclear power plant project will amount to €17.5 bln , head of Rosatom Sergey Kiriyenko said earlier. Of this amount only taxes to the federal budget will exceed €3 bln, he added.

According to Finnish media, the project’s cost will reach €6-7 bln, of which €1.6 bln will be invested by Fennovoima and the rest by Rosatom. The commissioning of the new nuclear power plant is scheduled for 2024.

Rusatom Overseas is to supply 1,200Mt reactor for Hakhikivi-1.


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