Raos Project also owned about 33 percent of the project.
Helsingin Sanomat on Tuesday wrote that the withdrawal of the permit application essentially guarantees that a Russian-funded nuclear power plant will not be built in Pyhäjoki. “The permitting process has now been completed, except for the formal dismissal,” said Riku Huttunen, Director General of the Ministry of Employment and the Economy.
The cancellation also makes it highly unlikely that a nuclear power plant will be built in the area in the near future, as switching to another plant supplier would require a resumption of the permitting process that has taken years.
“The launch of a new nuclear power plant project with regard to environmental assessments and permits is a big project,” Huttunen said.
When Raos Project announced that it was seeking compensation for the abandoned project, Fennovoima will certainly face a protracted legal dispute.
The Finnish energy company stated its press release All work related to the supplier agreement has been completed on the construction site, and its focus is currently on maintaining the site in the short and long term.
“Fennovoima expects significant effects [engineering, procurement and construction] decision to terminate the agreement and has therefore begun [consultative] negotiations for all its employees, which are expected to last until 21 June, ”it said.
Aleksi Teivainen – HT
Source: The Nordic Page