Finland's Hanhikivi 1 Reactor on Track, Unaffected by Sanctions - Rosatom
A planned nuclear reactor in western Finland, owned by a Finnish-Russian consortium, will meet its 2024 commissioning target despite delays in licensing, and will not be affected by sanctions on Russia, supplier Rosatom said. The start date of the 1.2 gigawatt (GW) Hanhikivi 1 reactor has been in question since September, when owner Fennovoima said the construction licence it needed from the authorities would take a year longer to get due to delays.
Finnish-Russian Nuclear Project at Risk
The crisis in Ukraine has made it difficult for Finnish-Russian venture Fennovoima to recruit new investors for its nuclear reactor project in western Finland, the head of its Finnish owners told the Tekniikka&Talous weekly. The Finnish government has instructed Fennovoima, owned by around 40 Finnish companies and Russian state nuclear firm Rosatom, to increase local ownership after several investors pulled out of the 4-6 billion euro ($5.3-8 billion) project.
