Finland opts for 3 billion Euro nuke

Framatome, the joint venture of AREVA and Siemens, has been selected to build a 3 billion Euro European Pressurised Water Reactor nuclear power plant in Olkiluoto, Finland.

A consortium led by Framatome ANP, the joint venture of AREVA and Siemens, will build an EPR (European Pressurised Water Reactor) nuclear power plant in Olkiluoto in Western Finland.

The contracts were signed yesterday by the Finnish electricity utility Teollisuuden Voima Oy (TVO) with Framatome and its consortium partner Siemens.

Framatome ANP will build the Nuclear Island for the turnkey project, whilst Siemens Power Generation (PG). will supply conventional parts of the plant.

The overall Olkiluoto 3 project cost has been estimated by TVO at around 3 billion Euros.

‘The European Pressurised Water Reactor is certainly a milestone in the recent development of nuclear energy. With placing the first order for an EPR, Finland paves the way for further projects and Siemens expects that the Finnish example will find followers in other countries as well’, said Dr Uriel Sharef, Member of the Corporate Executive Committee, Siemens AG.

The EPR plant for Finland will have a capacity of about 1600 Megawatts (MW). It is scheduled to start commercial operation in 2009.

The Siemens PG scope of supply comprises the Turbine Island which will consist of the steam turbine, the generator, the electromechanical equipment as well as instrumentation and control equipment for the conventional part of the power plant.