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Olkiluoto3 delayed till 2016

Electricity production will not begin at the new reactor until 2016. The news was announced in a statement from the power firm Teollisuuden Voima (TVO).

Olkiluodon kolmas ydinvoimalayksikkö syksyllä 2012.
Olkiluoto 3 has been delayed yet again. Image: Jari Pelkonen / Yle

Last July TVO said that the reactor, which is located in the western coastal municipality of Eurajoki, would not be ready for 2014, as had been scheduled. The reactor was originally planned to be ready by 2009 before several delays pushed the schedule back.

TVO emphasises that the contractor, Areva Siemens, is responsible for the timetable, and that 75 percent of the installation works have been completed. Areva Siemens has previously blamed TVO’s organisational deficiencies for the delays.

TVO is currently planning a fourth reactor at Olkiluoto, and has tenders from five companies including Areva. In December Areva hinted that the delays could bring a price increase of a couple of billion euros. TVO’s own estimate is that Olkiluoto 3 will cost 6.4 billion euros.

In its release announcing the latest delay, TVO emphasised that it views the reactor as a turnkey project at a fixed price.

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