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01.07.2015 16:24
© Rosatom
Fennovoima has submitted its construction licence application to the Finland's Ministry of Employment and the Economy for the planned Hanhikivi nuclear power plant project. The company submitted its 250-page application today, the deadline set by the government in its 2010 decision-in-principle approving the project.
The application sets out details of the plant location, the reactor type, the main safety systems, nuclear waste management, financing of the project and Fennovoima's organization, the company said.
The ministry said that it expects to take at least two years to process the application. A requirement set by the government in its decision-in-principle is that the project must be at least 60% owned by Finnish companies, www.world-nuclear-news.org reported.
Fennovoima pointed out that a least 60% of the company is now owned by parties domiciled in the European Union or a member of the European Free Trade Association. RAOS Voima Oy, a Finnish subsidiary set up in 2013 by Russia's Rosatom specifically to hold a stake in the company, holds 34% of Fennovoima.
Fennovoima aims to complete infrastructure work at the Hanhikivi site in Pyhäjoki in northern Finland by the end of 2017. Construction of the plant - based on a Russian-designed AES-2006 VVER that would produce 1200 MWe - can only start once the construction licence has been issued. Fennovoima said it aims to start building the plant in 2018, with operation beginning in 2024.
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