Tag: Rosatom
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 […]
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The energy company Fennovoima has withdrawn its application for a construction permit for its Hanhikivi 1 nuclear power plant, according to a press release on Tuesday.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 […]
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 […]
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 […]
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 […]
