Finnish power utility Teollisuuden Voima Oyj (TVO) has initiated new legal action against Areva to avoid new delays in the commissioning of the Olkiluoto 3 (OL3) nuclear project in Finland. This new procedure, aimed at ensuring that the project will be ready to start commercial operation in 2018 and will not suffer additional delays due to the restructuring of plant supplier Areva. It is likely to sour again relationships between the plant's owner and the EPC contractors Areva and Siemens: TVO is seeking €2.6bn in compensation for the delays, while the consortium is seeking €3.52bn in delayed payments.
The 1,600 MW EPR reactor has been under construction since 2005 on the site of the existing Olkiluoto nuclear power plant and was expected to be commissioned in 2009. The project has been delayed to 2014 and then to 2018. The reactor vessel was installed on the site of the EPR in October 2013. The cost of the project has doubled from €3.2bn to about €6.5bn and then soared to €8.5bn, sparking tensions between project developer TVO and the EPC consortium of Areva and Siemens.
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