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07 December 2014 | by Gabor Chodkowski-Gyurics

Finland’s nuclear power plant green lighted by parliament

Finland’s nuclear power plant green lighted by parliament
Finnish parliament approved construction of the country’s third nuclear plant, Hanhikivi-1, on December 5. Construction of the 1200 MWe plant will start in 2018.

This is the second political approval for the project. The original go-ahead from the parliament, issued in 2010, underwent revision after Rosatom - Russia’s state nuclear power company - acquired shares in the project and the proposed reactor type was changed to a Russian one.

The Finnish parliament has now stipulated that Finland’s stake in the project must not go below 60 percent. Currently, 76 percent of the project is controlled by Finnish companies, with the rest owned by Rosatom. It is expected that Fennovoima, the Finnish consortium spearheading the project, will apply for construction permit in 2015, while actual construction will begin in 2018.

keywords nuclear Finland


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