Two third-generation nuclear power reactors are slated to begin operation this year in Finland and France, after years of delays and budget overruns, S&P Platts’ Henry Edwardes-Evans reports. The Finnish project is the Olkiluoto-3 reactor, which will bring the country’s total nuclear reactor capacity to five, and will add 1.6 GW to the national nuclear power generation capacity. Edwardes-Evans notes this project is 2.5 times over budget and comes on stream with a ten year’s delay. The unit will start this year but only reach full capacity in 2020. In France, energy giant EDF is gearing up for the launch of its Flamanville-3 reactor, which ended up costing the company US$12.3 billion (10.9 billion euro). This project was eight years longer than initially planned.
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