Rosatom signs contract to build Finnish nuclear plant

Rosatom signs contract to build Finnish nuclear plant

Rusatom Overseas, a division of Russian state nuclear corporation Rosatom, signed a contract with Finland’s Fennovoima for the construction of the Hanhikivi 1 nuclear power plant, Rosatom said. Fennovoima, the company that has commissioned the construction of the NPP, and TVEL, Rosatom’s nuclear fuel division, also signed a fuel agreement for the future NPP.

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However, a contract on Rusatom Overseas acquiring a 34 percent stake in Fennovoima was not signed. Rosatom said that Voimaosakeyhtio SF, which represents more than 60 Fennovoima shareholders from various regions of Finland, and Rusatom Overseas signed an agreement setting out the conditions of responsibilities and stakes in the project.
The document calls for Rusatom Overseas to take a 34 percent equity stake in Fennovoima.

As a result of the contract, Rosatom divisions will build 20 NPP generating units abroad, and the group’s portfolio of contracts to build NPP, supply fuel, enriched uranium products and other services will top $74 billion.

Read the full article here http://rbth.ru/news/2013/12/24/rosatom_signs_contract_to_build_finnish_nuclear_plant_32858.html

Source: Russia Beyond the headlines

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