Rosatom Has Filed Lawsuit Over Abandoned Hanhikivi-1 Nuclear Project In Finland, Reports Say

Construction was cancelled due partly to risks resulting from war in Ukraine

Rosatom Has Filed Lawsuit Over Abandoned Hanhikivi-1 Nuclear Project In Finland, Reports Say
A computer rendering of the planned Hanhikivi-1 nuclear power station project in Finland. Courtesy Fennovoima.

Russia’s state nuclear corporation Rosatom has filed a lawsuit in Moscow against Finland’s Fortum and Outokumpu, demanding 227.8 billion roubles ($2.8bn, €2.4bn) in compensation for losses over the termination of a contract for the Hanhikivi-1 nuclear power plant in Finland, court documents and a Rosatom statement show.

Rosatom is seeking compensation for losses caused “by the unlawful termination of the EPC [engineering, procurement and construction] contract” for the construction of the nuclear power plant, “violations of the shareholder agreement, the fuel supply contract, and the refusal to repay the loan”, the company said on 5 May.

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