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Areva, Siemens warn of further delay in Finnish nuclear reactor project


Published :
Fri, 10 Aug 2007 07:59
By : Agencies
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HELSINKI (Thomson Financial) - France's Areva and Germany's Siemens have warned of a further delay in their construction of the world's first third-generation nuclear reactor, in Olkiluoto, Finland.

The plant's owner Teollisuuden Voima Oy (TVO) said Areva and Siemens had informed it that civil construction work is progressing slower than planned and could delay the commercial launch of the Olkiluoto 3 reactor to 2011.

The reactor, Finland's fifth, was initially due to be operational in mid-2009 but has been plagued by delays. According to the previous timetable, the reactor was set to launch at the turn of 2010-2011.

james.etheridge@thomson.com

je/ejb

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