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Fennovoima shuts down construction of nuclear plant in Pyhäjoki

The firm will shift its focus towards maintaining the site in the event that the project moves forward.

Fennovoima ended its contract with Rosatom earlier in May. Image: Janne Järvinen / Yle

Energy firm Fennovoima has withdrawn its construction permit application for its Hanhikivi 1 nuclear power plant, the company announced in statement issued on Tuesday.

Earlier this month, the company announced it had terminated an agreement with the Russian state-owned nuclear company Rosatom.

Work on the nuclear plant at the Pyhäjoki site has halted, and Fennovoima has shifted their focus on site maintenance in the short term and long term. Within the next few weeks, construction work with Fennovoima's contractors will come to an end.

The termination of the project is expected to have significant impacts on Fennovoima's employees, so the company has initiated negotiations on changes affecting all its personnel. The negotiations are expected to end on 21 June.

Fennovoima's Hanhikivi project has been steeped with controversy since it began 15 years ago. Rosatom became a partner in 2014, despite the annexation of Crimea. Since Russia's invasion of Ukraine, the project has collapsed with mounting security concerns.

The Hanhikivi 1 plant in Pyhäjoki, Northern Ostrobothnia, was to have been Finland's third nuclear power plant, and its first entirely new one since the 1970s.

Finland's most recently built nuclear plant, Olkiluoto 3 has also had its fair share of controversy and delay. The plant is expected to produce electricity by September of this year.