Fennovoima has submitted the Construction License Application for the Hanhikivi 1 nuclear power plant to the Ministry of Employment and the Economy of Finland. The 1,200 MW Hanhikivi project will feature a nuclear reactor delivered by Rusatom Overseas, part of the Russian Rosatom Group. The Fennovoima consortium (34% Rosatom) will soon include Croatian company Migrit solarna energija (Migrit) to meet the Finnish government's condition for at least 60% of EU ownership in the project. The consortium plans to submit the documentation to the Finnish Radiation and Nuclear Safety Authority (STUK) for the safety assessment in phases up until the summer of 2017. Preparatory works at the plan is expected to start as soon as July 2015 and Fennovoima aims to complete the infrastructure work by the end of 2017. Construction should start in 2018, once the Construction License is obtained. Power generation should start in 2024.
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