The Finnish nuclear consortium Fennovoima has ended Toshiba’s participation, but is continuing to engage with Rosatom on supplying a reactor for its planned nuclear power plant in northern Finland.

It has emerged that the Russian company may also take a 33 per cent stake in the consortium as both parties aim to reach an agreement on a 1200 MW order by the end of 2013.

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Fennovoima also said on Wednesday it had ended negotiations with Japan’s Toshiba on a 1,600 MW reactor. In February it dropped France’s Areva from the process.

According to Reuters, CEO Juha Nurmi said Rosatom’s medium-sized reactor turned out to be more suitable for its owners’ needs than Toshiba’s and said Rosatom’s interest in taking a stake in the project also played a role.

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