Russia Begins Construction on Nuclear Plant Project in Finland

 Russia Begins Construction on Nuclear Plant Project in Finland

Russia’s state-owned nuclear company Rosatom broke ground on a nuclear power project in Finland.
 
A ceremony marked the beginning of works to dig a foundation pit at the site of the Hanhikivi 1 nuclear plant and the placement of the memorial stone. RAOS Project Oy is the general contractor carrying out the project, which is scheduled for completion in 2024.
 
Finnish company Fennovoima Oy and JSC Rusatom Energy International signed a contract in December 2013 for construction of the reactor. Rusatom Energy International manages Rosatom’s international nuclear projects for construction and operations and acts as the companies’ shareholder. In spring 2014, RAOS Voima Oy, a subsidiart of JSC Rusatom Energy International, and Finnish company Voimaosakeyhtiö SF signed a sale and purchase agreement in which a 34 percent stake in Fennovoima Oy is owned by RAOS Voima Oy.
 
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