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• Olkiluoto 3 losses to reach €1.7 billion

  A financial presentation by France's national nuclear company Areva has put forward the estimate, which does not include potential sums from arbitration over the troubled construction of Olkiluoto 3. Posted Feb 26 2009, 10:14 AM by World Nuclear News Filed under: Olkiluoto

• Huge potential costs for OL3 delay

  Billions of euros are involved in the arbitration between TVO and the Areva-Siemens consortium. TVO considers itself entitled to €2.4 billion in damages, while the consortium wants €1 billion for compensation and late payments. Posted Jan 29 2009, 10:37 AM by World Nuclear News Filed under: Areva, Olkiluoto, Finland, Siemens, Olkiluoto 3, TVO

• Olkiluoto 3 start-up 'may be postponed until 2012'

  Teollisuuden Voima Oyj (TVO) has announced a further delay in the completion of the third reactor at Olkiluoto, Finland, saying that the unit may not be commissioned until 2012, instead of the originally scheduled 2009. Posted Oct 17 2008, 08:25 AM by World Nuclear News Filed under: Olkiluoto

• Application in for Olkiluoto 4

  BREAKING NEWS TVO has applied to build a fourth nuclear power reactor at the Olkiluoto site on Finland's west coast, the company's senior vice president of communications has told WNN . Posted Apr 25 2008, 07:32 AM by World Nuclear News Filed under: Olkiluoto, Finland

• Environmental study for Olkiluoto 4

  Building a fourth nuclear power reactor at Finland's Olkiluoto site would have a positive effect on the local economy, without causing danger to the public, TVO concluded in its environmental impact assessment. Posted Feb 15 2008, 12:30 PM by World Nuclear News Filed under: Olkiluoto

• Completion of Olkiluoto 3 set for 2011

  Teollisuuden Voima Oy (TVO) announced on 28 December that construction of its Olkiluoto 3 nuclear power reactor in Finland will now not be completed until summer 2011. The company said that the unit's turbine building has reached its roof-top height and the first turbine components, supplied by Siemens, have arrived in Finland. Installation of the turbine generator is scheduled to begin in April. TVO said that all major buildings at the reactor plant are now under construction. In addition, the manufacture of major components is proceeding to the factory test phase. The assembly of the reactor pressure vessel has already been completed in Japan. However, the Areva-Siemens consortium, which is constructing the reactor, has informed TVO that construction of the unit will not be completed until summer 2011. The delay of the project "will cause additional work and costs", TVO said. The company announced in August 2007 that delays in construction had likely pushed the completion date into 2011 from the originally scheduled 2009 date. Posted Jan 02 2008, 08:25 AM by World Nuclear News Filed under: New Nuclear Plants, Olkiluoto, Teollisuuden Voima Oy