Olkiluoto-3 / TVO Says It Implemented ‘Risk Management Measures’ In 2020

Negotiations continuing with plant supplier on terms of project’s completion
TVO Says It Implemented ‘Risk Management Measures’ In 2020
The Olkiluoto-3 EPR plant under construction in Finland. Courtesy TVO.
Finnish energy company Teollisuuden Voima Oyj implemented several risk management measures related to the Olkiluoto-3 EPR project in 2020 in an effort to to improve the company’s readiness to commission the plant and operate it alongside Olkiluoto-1 and Olkiluoto-2.

TVO said in its annual report for 2020 that it was closely monitoring compliance with conditions set in a settlement agreement reached in March 2018.

The agreement was signed with the plant supplier consortium companies Areva NP, Areva GmbH, and Siemens AG, and with the Areva Group parent company Areva SA, which is wholly owned by the French state.

In the agreement, the consortium companies committed to ensuring funds are available for completion of the Olkiluoto-3 project.

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