New Build

Hanhikivi-1 / Fennovoima Cancels EPC Contract With Russia, Citing ‘Significant Delays’ And Impact Of War

By David Dalton
2 May 2022

Finnish company says cooperation with plant supplier Raos Project ends ‘with immediate effect’
Fennovoima Cancels EPC Contract With Russia, Citing ‘Significant Delays’ And Impact Of War
Preparatory excavation work at Hanhikivi resumed in 2021 after a break of several years following revisions to the site boundaries. Courtesy Fennovoima.
Finnish nuclear energy consortium Fennovoima has terminated its engineering, procurement and construction (EPC contract) with Russia’s Raos Project citing “significant delays”, the company’s “inability to deliver the project” and worsening risks as a result of the war in Ukraine.

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