New cost overrun for Finnish nuclear plant: Areva

CIVIL NUCLEAR

File image.

by Staff Writers
Paris (AFP) Dec 19, 2008
French nuclear technology group Areva announced Friday a new cost overrun for a major project in Finland to build a nuclear power plant amid deteriorating relations with Finnish partner TVO.

Areva did not reveal the size of the provision it was taking for the unbudgeted costs of the already delayed plant, which will include a new generation reactor that is the first of its kind to be built.

Areva said that it and German construction partner Siemens had entered into arbitration proceedings with Teollisuuden Voima (TVO) on December 5 and the French group listed a series of problems

TVO "has not satisfactorily put into action the acceleration measures agreed and announced by both sides in June 2008," Arriva said.

It reiterated its complaint that TVO, an electricity provider, is "slow in communicating technical documents to the Finnish safety authority."

At the end of August, Areva announced a provision which increased the cost of the project by 50 percent to 4.5 billion euros from 3.0 billion previously, according to press reports at the time.

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CIVIL NUCLEAR

Slovakia picks Czech CEZ as partner for nuke project

Bratislava (AFP) Dec 17, 2008
The Slovak government said Wednesday it had chosen Czech energy giant CEZ as a strategic partner to build a new unit at the Jaslovske Bohunice nuclear plant.

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