Subscribe free to our newsletters via your
. Nuclear Energy News .

Finland's Fennovoima may downsize reactor plans
by Staff Writers
Helsinki (AFP) Feb 25, 2013

Finnish power company Fennovoima said on Monday it had dropped a bid by French group Areva to build a high-power nuclear reactor in favour of a proposal by Toshiba, but added that the project could be downsized.

"The direct negotiations with Toshiba will commence immediately," Fennovoima said in a statement.

However, it also said the high-power, 1,600 megawatt reactor to be built in Pyhaejoki in the northwest of the country could be replaced with a mid-sized reactor due to changes in its ownership structure.

In October, Fennovoima's largest shareholder EON said it would sell its 34 percent stake in the consortium.

"The reason for launching the assessment concerning mid-sized reactor options is changes in Fennovoima's ownership structure," the Finnish group said.

"The current owners' need for Fennovoima's electricity has not changed and the owners want to ensure the realisation of the project," it added.

The company said it had studied bids by Areva and Toshiba for a high-power reactor for just over a year, but gave no reason for dropping the French bid.

However, Areva would still be in the running if it decided to build a smaller reactor, it said.

"Fennovoima regards mid-sized reactors from Toshiba as well as from Areva and Rosatom as potentially suitable alternatives," it said.

Finland currently has four nuclear reactors at two sites with a fifth, Areva's third generation European Pressurised Reactor (EPR), being built at power company TVO's Olkiluoto site in western Finland.

But construction at Olkiluoto has been marred by delays, with TVO saying earlier this month that the reactor initially supposed to begin producing electricity in 2009 may not be ready until 2016.

Fennovoima said a decision on the Pyhaejoki reactor would be taken by the end of March.

It would solely be "based on the offers", the group said, adding that its choice would not be affected by events at Olkiluoto.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Trust our nuclear technology: French president to India
Mumbai, India (IANS) Feb 22, 2013
French President Francois Hollande on Friday urged India "to trust" his country's nuclear technology and extended France's support to the Indian nuclear power generation programme. Hollande stressed the need for cleaner technologies and highlighted issues of global warming and green house emissions at a summit hosted by business organisations like CII, FICCI and Assocham in Mumbai on Frida ... read more

Engineering cells for more efficient biofuel production

Avoiding virus dangers in 'domesticating' wild plants for biofuel use

U.S. grasslands losing to biofuel crops

What green algae are up to in the dark

SOLON Completes 5MW Prairie Fire Solar Plant

Physicists propose 'wireless' solar cells

SunWize to Develop Two Solar Photovoltaic Projects in Ecuador

ReneSola PV Module Installations Top 100 MW in Greece

Global wind energy capacity grows 19 percent in 2012

Finding the right space for offshore wind turbines

Spotting the invisible cracks in wind turbines

New framework for wind energy assessments

Nation Could Double Energy Productivity

China energy consumption rises 3.9% in 2012

Beijing's Pollution Alarms Neighbors

Quantum cryptography put to work for electric grid security

Turning carbon dioxide to fuel

Scaling up production of graphene micro-supercapacitors

Wireless power transfer technology for high capacity transit

Chevron pursues Australian shale

NASA's Kepler Mission Discovers Tiny Planet System

Kepler helps astronomers find tiny exo planet

Searching for a Pale Blue SPHERE in the Universe

Earth-like planets are right next door

Developing new naval capabilities to defend against surface targets

Obama to highlight cuts impact in shipyard

China navy gets new "stealth frigate": state media

China takes over Pakistan port from Singapore

NASA Rover Confirms First Drilled Mars Rock Sample

India plans mission to Mars in 2013

Rover finds gray rock beneath Red Planet's surface

Bleach could hamper Mars life search

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement