Finland ends deal with Russian corporation Rosatom for nuclear power plant
A Finnish nuclear energy company said Monday it has decided to terminate with immediate effect a contract with Russian state nuclear energy corporation Rosatom for the delivery of a nuclear power plant, in part due to the war in Ukraine which has worsened the risks for the project.
The company, Fennovoima, also cited significant delays and inability to deliver the project for terminating the deal to build the northern Finland Hanhikivi Nuclear Power Plant.
It was proposed to house a Russian-designed pressurized water reactor, with a capacity of 1200 MW and the nuclear power plant was to generate approximately 10% of Finland’s electricity needs, the company said.
