TVO selects GE Hitachi Nuclear Energy to build Finnish reactor

Teollisuuden Voima Oyj (TVO) has selected GE Hitachi Nuclear Energy (GEH) to participate in the bidding process to build the utility’s proposed fourth nuclear reactor unit at the Olkiluoto nuclear power station (OL4) on Finland’s west coast.

GEH will enter its Economic Simplified Boiling Water Reactor (ESBWR), the world’s safest available reactor design based on industry standards, into the bidding process. The invitation comes after TVO and GEH recently signed a licensing feasibility study contract in February.

“We are honored and excited to receive TVO’s formal invitation to submit a bid to build their new reactor,” said Danny Roderick, senior vice president of new plant projects for GE Hitachi Nuclear Energy.

“This is a testament to our ESBWR technology, which is a safe, simple, and predictable solution for OL4. We are already working with our project partners and mobilizing the supply chain to prepare an extremely competitive, attractive and comprehensive proposal to support TVO’s technology, schedule, and budget requirements.”

Finland has four nuclear reactors that supply nearly 30 per cent of the country’s electricity, according to the World Nuclear Association. In July 2010, Finland’s parliament ratified "Decisions in Principle" for the construction of two additional reactors, including TVO’s “Olkiluoto-4” project.

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