Finland rss

Rosatom expands overseas links with new agreements

Corporate

16 May 2018

Rusatom-VPO-DEKRA MOU - May 2018 - 48Rosatom, the Russian state nuclear corporation, yesterday signed a series of agreements with overseas companies during the Atomexpo conference and exhibition being held this week in Sochi, Russia. The agreements, with Chile, China, Cuba, Finland, Hungary, Iran, Italy, Kazakhstan, Saudi Arabia, Serbia, Spain and Zambia, include the engineering and medical sectors, among others.

TVEL offers modified fuel assemblies for Loviisa units

Uranium and Fuel

28 March 2018

Loviisa 48TVEL, Rosatom's nuclear fuel manufacturing subsidiary, has signed an agreement with Fortum Power and Heat Oy to supply modified nuclear fuel assemblies to be used at the Loviisa 1 and  2 VVER 440s in Finland. Rosatom said yesterday the agreement is in addition to TVEL's existing fuel supply contract with the Finnish utility.

IAEA reviews safety at Olkiluoto 3 ahead of start-up

Regulation and Safety

23 March 2018

Olkiluoto 3 - August 2016 - 48The operator of the first-of-a-kind EPR reactor nearing start-up in Finland has shown a commitment to safety, an expert team from the International Atomic Energy Agency (IAEA) has concluded. The team also identified areas for further enhancements as Teollisuuden Voima Oyj prepares to put Olkiluoto unit 3 online later this year.

TVO anticipates loading fuel into OL3 in late 2018

New Nuclear

20 April 2018

Olkiluoto 3 - September 2016 - 48Finnish utility Teollisuuden Voima Oyj said it plans to start loading fuel into the core of the Olkiluoto 3 EPR in the autumn, once an operating licence has been granted. However, the company said it is awaiting confirmation from the Areva-Siemens consortium that start-up of the unit is still scheduled for May 2019.

IAEA sees safety commitment at Fortum's Loviisa plant

Regulation and Safety

26 March 2018

Loviisa 1 and 2 - 48The operator of the Loviisa nuclear power plant in Finland has demonstrated a strong commitment to safety, an expert team from the International Atomic Energy Agency has concluded. However, the mission made recommendations to Fortum to reinforce some safety measures.

Olkiluoto 3 EPR parties agree settlement

Corporate

12 March 2018

Olkiluoto 3 - September 2016 - 48Finnish utility Teollisuuden Voima Oyj has agreed a settlement with French Areva and German Siemens in the long-running dispute over cost overruns and delays to the Olkiluoto 3 EPR project. TVO said yesterday that Areva-Siemens will pay compensation of EUR450 million (USD553.73 million).