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Mars 2018 / NucNet

TVO Says €450 Million Settlement With Olkiluoto-3 Suppliers Has Come Into Force



An agreement between Finnish utility Teollisuuden Voima Oyj (TVO) and the companies supplying the Olkiluoto-3 EPR unit in Finland entered into force today, TVO said.

The agreement, which was signed on 11 March 2018, settles arbitration with the International Chamber of Commerce concerning costs and losses caused by delays to the Olkiluoto-3 project.

TVO said at the time of the signing that the agreement was subject to “certain conditions” that were expected to be met during March (...)

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