Nuclear industry news


Finnish Cabinet Approves Construction of Russian-Built Nuclear Plant


Fennovoima Oy and Rosatom last week moved a step closer to building a new nuclear plant in Finland.

Ria Novosti reported that the companies had received approval from the Finnish Cabinet to build the Hanhikivi 1 plant in Pyhajoki. The decision supports a similar ruling from 2010, supplemented with additional information provided by the companies this spring. Finland's parliament will also consider the plant approval and has the authority to overturn the Cabinet's decision.

A consortium of Finish energy and industrial companies formed Fennovoima Oy to build the facility in 2007. According to the World Nuclear Association, Fennovoima applied in March to modify its plans to reduce the size of the VVER plant from 1,600 megawatts to 1,200 megawatts. The utility is expected to apply for a construction license in the middle of next year.