TVO may revisit project for Olkiluoto 4

22 July 2015


Finnish utility Teollisuuden Voima Oyj (TVO) says it is ready to revive proposals to build a fourth unit at the Olkiluoto NPP (OL-4) in western Finland, although an extraordinary general meeting agreed last month to postpone plans to apply for a construction licence for OL-4. TVO says it "will remain prepared" to restart the application process, which would be subject to a separate decision by shareholders.

In 2014, the Finnish government rejected a request byTVO to extend by five years the period of validity to submit a construction licence application for OL-4 from the end of June 2015 to the end of March 2019 because of the delayed start-up of the OL-3 European pressurised water reactor being built by Areva and Siemens. The period of validity has now expired, but TVO's interim report for the first half of this year said that a revised schedule for completion of the OL-3 project "is undergoing detailed scrutiny."



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.