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Mon Feb 11, 2013, 08:50 PM

Yet another delay announced for nuclear friendly Finland's new reactor

Which means, of course, even greater cost overruns.

Finland's Olkiluoto 3 reactor seen delayed to 2016

Commercial production at Finnish nuclear reactor Olkiluoto 3 is likely to be delayed to 2016, utility Teollisuuden Voima (TVO) said, sparking a new round of accusations between TVO and the builder, consortium Areva-Siemens.

The reactor was originally scheduled to start operating in 2009 but has been hit by repeated delays and soaring costs.

The French-German consortium's last estimate was for the reactor to be ready by 2014, but TVO said last July that such a timeframe was impossible.

TVO and Areva have traded accusations about who is to blame for the delays, and the International Chamber of Commerce's arbitration court is processing a dispute on cost overruns between the consortium and TVO....


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