Hanhikivi-1 / Finland’s Fennovoima Withdraws Construction Licence Application For Russia-Backed Nuclear Project

War in Ukraine has ‘worsened risks’ for project to build single AES-2006 reactor
Finland’s Fennovoima Withdraws Construction Licence Application For Russia-Backed Nuclear Project
Fennovoima said works at the Pyhäjoki site in northern Finland related to the EPC contract have stopped. Courtesy Fennovoima.
Finnish nuclear power company Fennovoima has withdrawn its construction licence application for the Hanhikivi-1 nuclear power plant following cancellation three weeks ago of the engineering, procurement and construction (EPC) contract for the Russia-backed project.

The company said it had withdrawn the application on 24 May.

On 2 May, Fennovoima announced that it had terminated the EPC contract with Raos Project, a subsidiary of Russia’s state nuclear corporation Rosatom, due to “significant delays and Raos Project’s inability to deliver the project”.

The company said at the time: “There have been significant and growing delays during the last years. The war in Ukraine has worsened the risks for the project. Raos has been unable to mitigate any of the risks.”

Fennovoima said works at the Pyhäjoki site in northern Finland related to the EPC contract have stopped. Fennovoima is now focusing on “maintaining safety and security [at the site] in the short and long term”.

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