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Fortum to invest in fourth reactor at Olkiluoto

Finnish utility Fortum, together with UPM-Kymmene (UPM), are planning to spend EUR162m ($217m) to help finance the engineering phase in the construction of a fourth reactor at the Olkiluoto site.

Milestone reactor installation at Olkiluoto

Areva and Siemens have completed the installation of the reactor vessel head of the first European pressurized water reactor (EPR) at Olkiluoto nuclear power plant's (NPP) Unit 3 in Helsinki, Finland.

Olkiluoto finally set to operate almost a decade late

Areva has announced that the troubled Olkiluoto nuclear power plant in Finland will be operational in 2018, nine years later than originally scheduled.

Olkiluoto nuclear plant delays continue

The Olkiluoto nuclear power plant in Finland is set for further delays with developers blaming the difficulties encountered at the beginning of the project for the most recent complications to the project.

Framatome signs service contracts for Finnish Olkiluoto 3 reactor

Framatome has signed a series of service contracts with Finnish utility TVO for the long term operation of the Olkiluoto 3 EPR.

Controversial nuclear power plant nears completion

Finland’s Olkiluoto-3 nuclear power plant is finally set to be operational next year, ten years late, and at €8.5bn, almost three times as expensive as initially slated.

EDF cleared to take over Areva’s reactor business

French utility EDF’s proposed takeover of Areva’s nuclear reactors business was approved this week by the European Commission.

Power price drop forces Finnish nuclear sector losses

The continuing descent of power prices has prompted Finland’s Teollisuuden Voima (TVO) to announce the laying off of 13 per cent of is staff.

TVO shortlists GE Hitachi Nuclear Energy for new 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.

Latest delay sees Finnish nuclear plant to go decade behind schedule

The Olkiluoto-3 nuclear power plant in Finland is now set to go a full ten years behind schedule after news emerged of another delay.