Finland Drops Nuclear Plant Deal With Russian Energy Company
- Greenfield project was valued at as much as 7.5 billion euros
- Rosatom continues to own a third of the nuclear venture
Illustration showing the Hanhikivi-1 power-plant project.
Source: Fennovoima OyThis article is for subscribers only.
Finland’s Fennovoima Oy dropped a contract with a Russian energy company for the delivery of a nuclear power plant under construction in the Nordic country.
The deal with a unit of Rosatom Corp. ends immediately, Fennovoima said in a statement on Monday, citing “significant and growing delays during the last years” and the company’s inability to mitigate the project’s growing risks as a result of Russia’s war.