Stockholm (Platts)—12 Mar 2018
Areva and Siemens have agreed to pay Finnish power company Teollisuuden Voima Oy Eur 450 million ($553.9 million) in compensation for a 10-year delay in the startup of the Olkiluoto-3 nuclear reactor, TVO said in a statement Sunday.
The 1,600 MW EPR reactor, the first of its kind, is being built for TVO by Areva and Siemens under a Eur3.2 billion turnkey contact. But the project has been plagued by problems and the startup date has repeatedly been (...)