11 February 2013

Nth Delay Announced for Olkiluoto 3 in Finland

On 11 February 2013, the Finnish nuclear operator Teollisuuden Voima (TVO) announced that the European Pressurised Water Reactor (EPR) at Olkiluoto would not be connected to the grid until 2016, seven years after its originally planned start-up date of 2009. TVO were quick to blame the constructors, AREVA, saying that they had not received adequate scheduling information and that the design of the instrument and control equipment had not proceeded as planned. AREVA responded by claiming that TVO continues to not fulfill its obligations to allow the project to advance properly (http://www.areva.com/EN/news-9709/areva-committed-to-the-timely-completion-of-olkiluoto-3-while-ensuring-the-highest-level-of-safety.html). The International Chamber of Commerce’s arbitration court is processing a dispute on cost overruns between Areva and TVO (http://uk.reuters.com/article/2013/02/11/teollisuudenvoima-olkiluoto-idUKL5N0BB9RX20130211)