New Finish nuclear power plant Olkiluoto with enormous financial losses

The dispute around enormous financial losses from the Finish Olkiluoto nuclear reactor project deepened yesterday, when the French nuclear giant Areva published its half-year results. Areva threatened to freeze construction if TVO does not submit to the company’s demands of shouldering a share of the cost. The latest estimate of construction costs reached €5.5 billion, which compares to the price of 2.5 billion originally presented to Finnish public and politicians.

“The fight over extra costs is a demonstration that international nuclear companies have no intention whatsoever to bear the risk of delays and cost overruns in future reactor projects, which exposes electricity users to huge liabilities,” Greenpeace energy campaigner Lauri Myllyvirta said.

Source and more info see http://www.olkiluoto.info/en/