Finnish Company Terminated Contract With Russia for Nuclear Power Plant Construction

Finnish design company Fennovoima has terminated the contract with Russian Rosatom for the construction of the Hanhikivi-1 nuclear power plant in Finland. 

The message puts all the blame on RAOS Project (Rosatom’s legal entity in Finland), claiming that  “there have been significant and growing delays”. It is also said that “the war in Ukraine has worsened the risks for the project, while RAOS has been unable to mitigate” any of those. However, it is also mentioned that the decision to terminate the contract “was not easy”.

“Unfortunately, the termination of the EPC contract is estimated to have a significant employee impact in Fennovoima and is expected to impact also the supply chain companies and Pyhäjoki region,” Fennovoima’s CEO, Joachim Specht, said.

As reminded by Lenta, the Hanhikivi-1 project provided for the construction of a single-unit nuclear power plant based on a modern Russian-designed VVER-1200 reactor of generation 3+ with a capacity of 1200 MW.

Ru-Main, 02.05.2022 
Source: RadioSputnik 

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