Utility: Rethink could kill Finland’s Olkiluoto 4 nuclear project

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http://www.adn.com/article/20140816/utility-rethink-could-kill-finland-s-olkiluoto-4-nuclear-project

Utility: Rethink could kill Finland’s Olkiluoto 4 nuclear project
YLE NewsEye on the Arctic
August 16, 2014

The Finnish power utility Teollisuuden Voima (TVO) says that its planned fourth Olkiluoto nuclear reactor will probably never be built if it is forced to re-apply for a new decision-in-principle.

The current decision only remains in force until next June. Work on the Olkiluoto 4 (OL4) project has been put off because of major delays and cost overruns at the unit’s predecessor, OL3. The firm has asked for the existing decision to be extended.
Big changes since 2010

Some politicians meanwhile have called for a complete re-evaluation of the planned OL4 unit near Pori on Finland’s west coast. They say this is essential in light of the huge OL3 setbacks, the proposed Fennovoima reactor in Pyhäjoki, northern Finland, doubts about waste storage and other significant changes in the economic and energy environment since the original preliminary OL4 decision was made in 2010.

“As we see it, there is no reason to go through the process again, as this is simply a question of timetables. A reconsideration would be a big risk and a significant domestic investment might remain completely unrealized. Then that would be it,” TVO communications head Pasi Tuohimaa said on Wednesday.