News |

Claim for Olkiluoto 3 delays explodes to 2.7 billion

The French nuclear contractor Areva has ratcheted up its compensation claim by 100 million euros for delays in the delivery of the Olkiluoto 3 nuclear reactor in western Finland. Areva is now calling on Finnish plant operator Teollisuuden Voima (TVO) to fork out 2.7 billion euros.

Arevan logo.
French nuclear plant contractor Areva has lodged a new and higher claim for compensation against Finnish operator Teollisuuden Voima. Image: Daniel Karmann / EPA

In the latest round of claim and counterclaim surrounding the ill-fated Olkiluoto 3 reactor, the French nuclear reactor now wants its customer Teollisuuden Voima or TVO to hand over 2.7 billion euros – up from 2.6 billion -- in compensation, citing an error in its previous claim.

Each party has blamed the other for the ongoing delays in completion of the reactor, which was originally scheduled to begin commercial production in 2010 but TVO will now have to wait until 2016 to commission the plant.

TVO has also filed for compensation from Areva, with its latest claim in October 2012 reaching 1.8 billion euros. The claims are being adjudicated in the International Court of Arbitration.

Latest in: News

Headlines

News

Monday's papers: Sexism in Finnish politics, services held for murdered aid workers, and pain relief by phone

Jibes about weight, online abuse, and growing pressure over appearance - these are the things some female politicians say they are subjected to while their male colleagues are free to get on with their job. The debate over differential treatment in Finnish politics was reignited over the weekend with a prominent MP speaking out about the treatment she's received, and in today's papers many other women parliamentarians come forward to describe similar experiences. Elsewhere, the organisation whose two Finnish aid workers were murdered in Afghanistan last week says it's suspending its local mental health projects, and Helsinki health authority begins offering pain-relief advice to cancer sufferers by phone.

Our picks

Latest

Muualla Yle.fi:ssä