A French minister says that a bitter, protracted dispute between a Finnish nuclear utility and its French contractor should be resolved soon. The two are wrangling over vast cost overruns and delays on the Olkiluoto 3 nuclear reactor, which is nearly a decade behind schedule. French nuclear reactor maker Areva and Finnish utility customer Teollisuuden Voima (TVO) will try to settle mutual claims over the long-delayed Olkiluoto 3 (OL3) nuclear reactor within a month, French Economy Minister Emmanuel Macron said on Wednesday. TVO and an Areva-led consortium with Siemens are claiming billions of euros from one another in an arbitration suit over cost overruns and delays to the reactor, which is nearly a decade behind schedule. Both groups reject responsibility for delays and cost overruns, and took their dispute to an arbitration tribunal. Areva is claiming 3.4 billion euros while TVO claims 2.6 billion.
YLE 20th Jan 2016 read more »
The Finnish government has no role to play in the dispute between French state-owned nuclear reactor builder Areva and its Finnish customer TVO, a Finnish government source told Reuters on Thursday. French Economy Minister Emmanuel Macron said on Wednesday he had agreed with his Finnish counterpart Olli Rehn to give the companies and shareholders one month to find the conditions for an agreement. Teollisuuden Voima (TVO) and an Areva-led consortium with Siemens are claiming billions of euros from one another in an arbitration suit over cost overruns and delays to the reactor Areva is building in Olkiluoto, Finland, for TVO. TVO’s claim is holding up a planned takeover of Areva’s reactor building unit by fellow state-owned utility EDF, which does not want to take responsibility for it.
Reuters 21st Jan 2016 read more »