Brussels should make sure it considers Finland’s concerns during its investigation into a proposed state-backed rescue package for France’s nuclear reactor maker Areva, Finland’s prime minister Juha Sipilä said. In an interview with the Helsingin Sanomat newspaper, Mr Sipilä said it is important that any restructuring allows for the completion of the delayed Olkiluoto-3 EPR project “as planned” by the end of 2018. Areva, which is 87 percent owned by the French state, is building the reactor as part of a consortium with Siemens for Finnish nuclear operator Teollisuuden Voima Oyj (TVO). Areva is negotiating a government-backed rescue package that will see it raise €5bn ($5.6bn) in the markets. It is also selling a majority stake in its reactor making division Areva NP, valued at €2.5bn, to rival French nuclear group EDF. In July 2016 Brussels opened a full investigation into the package, raising the possibility of stricter restructuring conditions being attached to public support for Areva.
NucNet 26th Sept 2016 read more »