New Projects, Reactors

TVO postpones Olkiluoto 4 nuclear project

TVO job losses Olkiluoto 3 4 Areva-Siemens nuclear reactor construction

Finland’s utility Teollisuuden Voima (TVO) asked to postpone its newest nuclear power plant by five years.

The utility asked for a five-year extension to submit a construction license application for Unit 4 at the Olkiluoto nuclear power plant, according to Reuters. TVA was due to apply for the license in 2015, but repeated delays and increasing costs at the current project, the 1,600-MW Olkiluoto 3, made it impossible to make any decisions on Unit 4.

TVO announced in February that Olkiluoto 3 is now expected to start in 2016, up from its original target date of 2009. Both units will use the European Pressurized Reactor technology.

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