TVO to miss Olkiluoto 4 licence application deadline
13 May 2015
Finnish utility Teollisuuden Voima Oyj (TVO) does not plan to submit a construction licence application for the fourth unit at its Olkiluoto plant before its 2010 decision-in-principle expires next month. The company had earlier sought an extension to that decision.
Under Finnish law, government consideration and parliamentary ratification are required for a new nuclear reactor to ensure it is in society's overall interests. TVO applied for a government decision-in-principle in 2008 to construct a 1000-1800 MWe pressurized water reactor or boiling water reactor as the fourth unit at Olkiluoto. The government made a favourable decision for the reactor in May 2010. The parliament's ratification for that decision-in-principle was given the following month. That decision was valid for five years, meaning TVO must submit a construction licence application for the new reactor by 30 June.
"Olkiluoto 4 is important for us and therefore we will be prepared to apply for a new decision-in-principle."
Jarmo Tanhua
TVO president and CEO
In a statement, TVO said today that its board of directors will propose to its shareholders meeting that a construction licence for Olkiluoto 4 is not applied for during the validity of the decision-in-principle made in 2010.
The company said, "The proposal is justified by the delay of the start-up of Olkiluoto 3 plant unit. In this situation it is impossible to make significant Olkiluoto 4 related decisions necessary for the construction licence application within the current period of validity of the decision-in-principle."
In May 2014, TVO requested a five-year extension to its 2010 decision-in-principle for Olkiluoto 4. Such an extension would have meant that the company would have had until the end of June 2020 in which to submit a construction licence application for the new unit. Delays in the start-up of unit 3 at Olkiluoto - the first of a kind EPR - prompted its request. The utility later asked the government to consider a new deadline for the end of March 2019.
However, in September the government said that setting a new deadline for acquiring a construction licence for Olkiluoto 4 was "not in line with the overall good of society". In a 10-3 vote, the cabinet rejected TVO's request for an extension of its decision-in-principle.
Five reactor designs had been under consideration for the new unit at Olkiluoto: Areva's EPR, GE-Hitachi's ESBWR, South Korea's APR1400, Mitsubishi Heavy Industries' APWR and Toshiba's ABWR.
TVO president and CEO Jarmo Tanhua said, "There is still a need for emission-free base-load power production in Finland. Olkiluoto 4 is important for us and therefore we will be prepared to apply for a new decision-in-principle." He noted, "A decision on a new application submission will be made separately."
Researched and written
by World Nuclear News