The Areva-Siemens consortium building the Olkiluoto-3 nuclear power plant in Finland has updated its claim at an International Chamber of Commerce (ICC) arbitration proceeding to “approximately €3.52bn ($3.96bn) in total” from €3.5bn in 2014, a statement by nuclear operator Teollisuuden Voima Oyj (TVO) said. TVO, for whom Areva-Siemens is building the EPR unit, said the sum is for delays to the Olkiluoto-3 project and is based on the supplier’s updated analysis of “events that occurred through September 2014, with certain claims quantified to 31 December 2014”.
Nucnet 9th Feb 2016 read more »
The Areva-Siemens consortium has updated its arbitration claim against Finnish utility Teollisuuden Voima Oyj (TVO) to some €3.52 billion ($3.96 billion). The claim relates to delays in the construction of the first-of-a-kind EPR unit at Olkiluoto.
World Nuclear News 10th Feb 2016 read more »