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E.ON Finland to buy plot for new nuclear reactor


Published :
Tue, 17 Apr 2007 16:58
By : Agencies
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HELSINKI (Thomson Financial) - The Finnish unit of German utility E.ON said it has agreed to buy land in southern Finland on which it hopes to build what could be the country's seventh nuclear reactor.

The 112-hectare plot, located near an existing nuclear reactor in the coastal town of Loviisa, will cost the group 6.5 mln eur, E.ON Finland said.

The company's chief executive Matti Manninen told Thomson Financial News that there are plans to launch an extensive study of the technical and environmental aspects of a possible plant once the purchase is approved by local authorities.

Finland's fifth nuclear reactor is currently being built in Olkiluoto for TVO, while Fortum and Pohjolan Voima are putting together an environmental impact assessment report on a possible sixth reactor.

'Generally speaking, looking at the new government's programme there is a rather clear positive statement that they do not exclude nuclear power as one option in Finnish power generation,' Manninen said.

james.etheridge@thomson.com

je/lam

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