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Nuclear energy   In cooperation with Rusatom

Finnish Fennovoima to get license to build nuclear plant in 2019

Rusatom OverseasFinnish energy company Fennovoima expects to receive a license to build the Hanhikivi-1 nuclear power plant with Russia’s assistance in 2019 rather than in early 2018 as planned earlier, television company Yle reported.

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The expected terms were postponed due to changes in Finland’s rules and legislation.

Rusatom Overseas, a unit of Russian nuclear power corporation Rosatom, and Fennovoima signed a contract to build the plant in December 2013. Rusatom Overseas is to deliver a 1,200-megawatt reactor to the plant.

Russia plans to invest a ruble equivalent of 2.4 billion euros in the project from the National Wealth Fund, or a maximum of 150 billion rubles, and included it on the list of sustainable infrastructure projects.

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