The commissioning of the 1,650 MWe Olkiluoto-3 (OL3) nuclear power project in Eurajoki (western Finland) may be pushed back by an additional two months, due to delays in checking changes to automated systems. According to this new planning, fuel would be loaded into the reactor core in August 2019 and the first connection to the grid would take place in December 2019. Eventually, OL-3 would begin regular electricity production in March 2020, instead of January 2020.
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. Upon completion, it will be operated by the Finnish domestic power utility Teollisuuden Voima Oyj (TVO).
The operating license was granted by the Finnish Ministry of Employment and the Economy (TEM) in March 2019. The Finnish nuclear regulator STUK currently sees 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.
Searching for proven generation costs?
Then CAPEX & LCOE is the database you need. The module provides exclusive insights on both Capital Expenditure and Levelised Cost of Electricity.
Make informed decisions in terms of which technologies to invest in and where. In just a few clicks, access unique, premium data on both thermal and renewable power generation costs by technology and by country. Put our detailed, reliable information to use and benchmark your project.