The Finnish Ministry of Employment and the Economy (TEM) has granted the domestic power utility Teollisuuden Voima Oyj (TVO) an operating license for the 1,650 MWe Olkiluoto-3 (OL3) nuclear power project in Eurajoki (Finland). This announcement comes following the review of the Finnish nuclear regulator STUK, which saw no obstacle to granting this operating license until the end of 2038. However, the regulator has also noted that a last safety problem has to be fixed before the start of the fuel loading procedure.
The OL-3 European Pressurized Reactor (EPR) project was built by a consortium of Areva GmbH, Areva NP (now Orano) and Siemens under a fixed-price turnkey contract. The project has been hit by repeated delays, court disputes and rising costs. Initially planned to start in 2009, the new reactor will be completed more than 10 years behind schedule. The Areva-Siemens consortium currently expects to load fuel into the reactor core in June 2019 and the first connection to the grid is scheduled to take place in October 2019. Eventually, OL-3 will begin regular electricity production in January 2020.
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