Finland SCRAPS Nuclear Plant Deal with Russia
Finnish group Fennovoima said Monday it had canceled its contract with Russian state-owned Rosatom to build a nuclear power plant with “immediate effect.”
The planned Hanhikivi-1 site was commissioned by Finnish-Russian consortium Fennovoima, in which Finnish stakeholders own two-thirds, and the rest is held by nuclear power giant Rosatom subsidiary RAOS.
Fennovoima said in a statement the termination was due to “significant delays during the last years” and “risks for the project” associated with the conflict in Ukraine which RAOS “has been unable to mitigate.”
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