Tag: Fennovoima
YLE: More than half of MPs support increasing nuclear power capacity
The Parliament has a total of 200 members. Many of the respondents, the broadcaster wrote, paid attention to small modular reactors, even though the question was about nuclear power in general. Joonas Könttä (The Center) estimates that the nuclear power legislation should be clarified so that the construction and start-up of small modular reactors would […]
Fennovoima starts arbitration proceedings against Rosatom
The case is connected to numerous controversies, the central one being Fennovoima’s 800 million euro down payment to Rosatom’s Finnish subsidiary Raos Project. Specht revealed that the company has presented a total of nearly two billion euros in damages claims in the arbitration procedure. Fennovoima stated in its annual report last year that it has […]
HS: Finnish researchers were pressured to limit their criticism of Russia
“But you don’t have to go back too many months to when we still had them,” he added. Aaltola said that the restrictions have typically manifested as self-censorship, when researchers have had to think about what they can say without burning bridges by worrying about future funding and relationships with interviewees. There have also been […]
Fennovoima will lay off 350 employees
Fennovoima will lay off about 350 people, the company announced on Wednesday, and the layoffs will take place during the year. "Most workers will be laid off next week, by the end of June," Fennovoima’s Vice President, Human Resources Eija Salo explained to Yle. At the beginning of 2023, the company will have less than […]
Olkiluoto 3’s full electricity production will be delayed again
The nuclear power plant Teollisuuden Voima (TVO) has announced that the trial operation of the Olkiluoto 3 reactor (OL3) will be suspended for more than a month. The delay means that full electricity production will not start until December, and not in September as previously planned. The unit is expected to cover almost one-sixth of […]
Uutissuomalainen: Most Finns support the construction of a new nuclear power plant
Support for the energy infrastructure project is higher for men and older age groups than for women and younger age groups. The project received the most support among the respondents who identified themselves as supporters of the Basic Finns or the Coalition Party and the least among the respondents who identified themselves as supporters of […]
Tuesday’s newspapers: Nuclear power, summer weather and Finland’s rocky road to NATO
According to a recent survey, most Finns are in favor of building a new nuclear power plant. Financial messages reports. The results come from a recent survey commissioned by Uutissuomalainen, TS writes that 55 percent of respondents are in favor of construction and 19 percent are against. In addition, 26 percent said they were insecure […]
Fennovoima withdrew its application for a building permit for the nuclear power plant
Raos Project also owned about 33 percent of the project. Read more: Fennovoima’s decision to terminate the supplier agreement was disappointing for Rosatom (3.5.2022) 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 […]
Fennovoima suspends the construction of a nuclear power plant in Pyhäjoki
The energy company Fennovoima has withdrawn its application for a construction permit for its Hanhikivi 1 nuclear power plant, according to a press release on Tuesday. Earlier this month, the company announced that it had terminated an agreement with the Russian state-owned nuclear power company Rosatom. Work on the Pyhäjoki nuclear power plant has come […]
Fortum writes off EUR 2.1 billion in operating losses in Russia
Finland’s largest energy company Fortum will record losses of more than two billion euros from its operations in Russia during the first three months of this year. According to the company, the losses are due to Russia’s invasion of Ukraine, geopolitical tensions, uncertainty and increased risks. The state-owned state-owned energy company said on Tuesday it […]
Rosennima’s decision to terminate the supplier agreement was disappointing for Rosatom
The Russian state-owned company stressed that the project has progressed well and the cooperation between the participants has gone well, adding that the decision was made unilaterally, without raising RAOS Power. “We reserve the right to defend our rights in accordance with applicable treaties and laws.” Fennovoima on Monday announced The decision to terminate the […]
Fennovoima has terminated the supply agreement for the Hanhikivi 1 nuclear power plant with Rosatom
This means that the cooperation with the RAOS Project will end immediately and the design and licensing work and work for the Hanhikivi 1 site will end with the RAOS Project. “Unfortunately, the termination of the EPC agreement is expected to have a significant impact on Fennovoima’s personnel and is also expected to affect supply […]
Finland abolishes nuclear power agreement with Russia
The work will be completed with immediate effect The Finnish group Fennovoima said on Monday that they had terminated their contract with the Russian state nuclear power giant Rosatom to build a nuclear power plant. The planned Hanhikivi-1 site was ordered by the Finnish-Russian consortium Fennovoima, where Finnish stakeholders own two thirds, and the rest […]
Fennovoima pulls a plug from a Russian nuclear power plant
The Finnish energy company Fennovoima has terminated its agreement with the Russian state-owned company Rosatom to build a nuclear power plant on the west coast of Finland. The company mentioned significant delays and Rosatom "inability to carry out the project"and added that the war in Ukraine has exacerbated the risks of the project. Fennovoima’s CEO […]
Tuesday’s newspapers: Russia’s gas unloading, parliamentary support for NATO and royal visit
Russia’s invasion of Ukraine has shifted the debate around energy in Finland, as much of Finland’s energy needs are sourced from Russia. Li AnderssonChairman of the Left Alliance and Minister of Education, spoke to Iltalehti paradox that Finland finances the Russian military machinery. "Europe will continue to fund Putin’s military operations and the Putin administration […]
HS: Rehn, Governor of the Bank of Finland, demands a ban on NATO’s energy imports to Russia
The Governor of the Bank of Finland, Olli Rehn, has demanded that Finland join NATO with a similar arrangement as its northern neighbor, Norway. He also said that the European Union should prepare to ban energy imports from Russia, even if it causes problems for Germany and Eastern European countries. Rehn commented on the issue […]
Marin: "Finland is ready for further action" Russia’s energy imports
Energy imports from Russia will be a key topic at the two-day European Union summit starting in Brussels on Thursday. prime minister Sanna Marin (SDP) said that Finland is open to all measures on this front, despite the fact that it is dependent on Russia for its energy. "The [current] sanctions and economic measures are […]
Wednesday’s newspapers: Visit to the United Kingdom, petition on biodiversity and nuclear hope
Most newspapers report on the president Sauli Niinistö a visit to the UK, full of security-related events and meetings. He participated in the meeting of the Joint Expeditionary Force of the Nordic-Baltic Security Coalition led by the United Kingdom. Alongside its Ilta-Sanomat reports that he also met Prince Charlesembeds a tweet in which Niinistö claimed […]
Lintilä: Food prices may double in Finland due to Russia’s war in Ukraine
“If people currently spend 11 percent of their salary or income on food, it will rise to more than 20 percent,” he predicted. While a doubling of consumer prices is possible, it is not the most likely consequence of the crisis Csaba Jansik, senior researcher at the Natural Resources Center (Luke). He recalled that food […]
The Olkiluoto 3 reactor is connected to the national grid, 13 years behind schedule
The third unit of the Olkiluoto nuclear power plant has finally started commercial operations. The owner of the plant, Teollisuuden Voima (TVO), says the unit was connected to the national electricity grid at noon on Saturday. It is Finland’s Fifth Nuclear Reactor. Initially, a unit called OL3 will generate 103 megawatts of electricity. During a […]
The Finnish energy giant gave up almost a billion euros in Nord Stream and plans to give up its Russian plants
Finland’s largest energy company Fortum announced on Tuesday that it will take a loss of almost one billion euros from the canceled Nord Stream 2 pipeline project. Its German subsidiary Uniper has a loan to the project company totaling EUR 987 million, including accrued interest. Fortum announced that it would write down its receivables and […]
Marin: Finland must end energy dependence on Russia “as soon as possible”
He also confirmed that the government is not making progress with Fennovoima’s nuclear power project, which is minority owned by the Russian state Rosatom. Minister of Economic Affairs Mika Lintilä (Center) pointed out at the end of last week, that he, as the minister responsible for permitting procedures for the project, is unable to comprehend […]
Lintilä: Finland will survive the winter, even though Russia cuts off gas
Minister of Economic Affairs Mika Lintilä (Cen) said on Monday that Finland will survive this winter, even though energy imports from Russia will be restricted. He spoke before an afternoon meeting of EU energy ministers in Brussels to discuss the implications and countermeasures of Russia’s invasion of Ukraine. Ministers will discuss the state of preparedness […]
Finland suspends Fennovoima’s project due to security fears
Minister for Economic Affairs of Finland Mika Lintilä (CEN) saddened on Thursday that he would not propose a building permit for Fennovoima ‘s Hanhikivi nuclear power plant. During the debate on the Russian invasion of Ukraine in Parliament, Lintilä said that the project involving the Russian owner and the Russian nuclear reactor would not proceed […]
YLE: The Prime Minister of Finland is ready to consider allowing the export of defense equipment to Ukraine
He added that issues related to the export of defense equipment will be discussed at joint meetings of the President and the Committee on Foreign and Security Policy. The European Union announced on Wednesday first round of sanctions targeted at Russian President Vladimir Putin. Sanctions, officials saidare the first step in punishing the 351 Russian […]
Wednesday’s newspapers: Ukrainian update, sports sanctions, frozen penis
The escalating security situation in Ukraine continues to dominate Finland’s news headlines. Tampere-based Aamulehti reports that the U.S. Secretary of State Anthony Blinken has canceled its planned meeting with the Russian Foreign Minister Sergei Lavrovwhile Turku-based Turku Sanomat write that EU foreign ministers have reached a consensus on sanctions against Russia. In the meantime, Helsingin […]
Marin: Finland re-evaluates Rosatom-supported nuclear project
The Prime Minister of Finland Sanna Marin said on Tuesday that it supports a new risk analysis of Fennovoima ‘s nuclear power project as the situation between Russia and Ukraine escalates. The project is partly owned by Russian companies, and experts have warned it could boost Russia’s nuclear weapons production. Minister of Economic Affairs Mika […]
Experts: Finland’s nuclear project "directly supports the production of nuclear weapons in Russia"
Two professors told Yle that Fennovoima’s nuclear power project, which is partly owned by Russian companies, involves major risks related to the Russian nuclear industry. The project uses a Russian state-owned Rosatom reactor, which also produces Russian nuclear weapons. "If we invest in Russia’s nuclear power in this current structure of Fennovoima, we will directly […]
Tuesday’s newspapers: Ukraine’s reaction, snow chaos
Monday evening Vladimir Putin gave an extensive televised speech announcing the recognition of the separatist republics concentrated in Donetsk and Luhansk, Ukraine, before signing agreements with the leaders of the two breakaway regions. included the transfer of Russian troops to Ukraine. The UN Security Council met shortly afterwards in an emergency session attended by a […]
YLE: Finnish professors and legislators question Russia’s support for a nuclear power project
The Russian state-owned nuclear power company Rosatom, which is also responsible for the development and production of nuclear weapons, is not only the plant’s supplier but also the project’s largest single stakeholder through its Finnish subsidiary RAOS Voima. About two-thirds of the project is owned by Voimaosakeyhtiö SF, a consortium owned by Finnish energy and […]
The Helsinki Stock Exchange is counting on the fear of an attack on Ukraine
The trading week has started with a significant decline. Share prices on the Helsinki Stock Exchange fell by 3.6 per cent on Monday and recovered slightly in the afternoon. Markets also fell elsewhere in Europe, worried about a possible Russian invasion of Ukraine. According to Nordea Bank’s Chief Investment Officer Antti SaariAs early as Friday, […]
The crisis in Ukraine raises doubts about Fennovoima’s nuclear project
The partners of the Russian nuclear power plant planned for Pyhäjoki in Northern Ostrobothnia tell Yle that they are increasingly attentive to the project. Russia’s military pressure on Ukraine and uncertainty over the construction permit for the nuclear power plant have already caused some stakeholders to calculate how much they would lose if the plant […]
Nuclear power is subsidized, but current producers are not designing new reactors
Teollisuuden Voima (TVO), which operates the Olkiluoto power plant in Eurajoki in Southwest Finland, is now focusing on the start-up of its long-awaited third reactor (OL3), which started up on 21 December. The company has abandoned plans to build a fourth reactor in the area after extensive cost overruns and a delay in the OL3 […]
The Ministry of Defense requires a risk analysis of the nuclear power plant project
Rosatom owns 34 percent of the consortium’s shares through its subsidiary RAOS Voima. “Doing such risk analyzes has become a bit more common. We see more clearly that in this situation it can be justified “, Sara Kajander, The head of the Ministry of Defense’s Environment and Real Estate Unit told BTI. He added that […]
The Ministry of Defense demands a risk assessment of Fennovoima’s plant, citing ties to Russia
The Ministry of Defense has demanded a risk assessment for the controversial Hanhikivi 1 nuclear power plant in Pyhäjoki on the northwest coast. The plant will be built by Fennovoima’s power association, which includes the Russian nuclear company Rosatom. In its statement, the ministry emphasized the economic and geopolitical risks associated with the project and […]
Finland’s nuclear project is still delayed
Construction would therefore begin in the summer of 2023 and the plant would begin commercial operations in 2029. The schedule is presented last week as an appendix to the building permit application, which the consortium submitted to the Ministry of Employment and the Economy in 2015. According to the addition, Fennovoima has also increased the […]
The construction of Fennovoima’s nuclear power plant was delayed, costs rose
Fennovoima’s plans to build a controversial nuclear power plant on the Pyhäjoki coast on the northwest coast of Finland are delayed again, the company announced in a statement on Wednesday. According to the nuclear consortium, raising the project’s design and licensing materials to the required level has taken longer than expected. The consortium estimates that […]
