Finland clears way for new nuclear power plant project


The Finnish Parliament has voted to allow the licensing process for a proposed nuclear power plant to move ahead

The Finnish Parliament has voted 115 to 74 in favor of Fennovoima’s supplement to the Decision-in-Principle regarding the construction of a new nuclear power plant in Pyhäjoki, Finland.
“I want to thank Parliament for the trust they have shown in this important project. The Hanhikivi 1 nuclear power plant will generate emission-free electricity for Fennovoima’s owners at a predictable and reasonable price for decades to come. This large-scale investment will create jobs and give a much-needed boost to the economy”, Toni Hemminki, CEO of Fennovoima states.

The Government is requiring Fennovoima to submit a construction license application to the Government by the end of June, 2015. The plant design work and construction license application are being prepared together with the plant supplier, Rusatom Overseas.
The significant demand for services created by the project will offer major opportunities for Finnish companies. Work started at Pyhäjoki in mid-September with the construction of a new access road. During 2015–2017, extensive infrastructure work will include excavation and earthworks, as well as the construction of auxiliary buildings. The first concrete is scheduled for 2018.
Rusatom Overseas is in final negotiations with main suppliers and contracts are due to be signed by the end of the current year. Next-phase negotiations will begin in early 2015.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs