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The Olkiluoto reactor was initially to enter service in mid-2009.
Areva in its last note to its Finnish client TVO put the start-up in mid-2012.
Since then, TVO has been asking for a new timetable in light of numerous delays to the project, notably caused by problems with pipe work.
"Given the progress that is being made at the site and the pace of start-up activities, nuclear operations ... characterised by the fuelling of the reactor, will take place at the end of 2012," Areva said in a statement.
The Olkiluoto plant is the first built with the third generation European Pressurised Reactor which incorporates the most modern technology.
Another plant is set to begin operations in France in 2013 while two other such facilities are planned for China in 2013 and 2014.
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