HS: Olkiluoto 3 has been a financial catastrophe for Areva, Siemens

THE THIRD REACTOR of Olkiluoto Nuclear Power Plant has been a financial disaster for the two plant suppliers, France’s Areva and Germany’s Siemens, writes Helsingin Sanomat.

Teollisuuden Voima (TVO), the company operating the plant, communicated last week that the suppliers have pledged to inject an additional 80 million euros in capital into a fund set up to guarantee the completion of activities during the warranty period.