Nuclear builders react to delay blame
The boss of French nuclear giant Areva, is blaming Finnish electric firm TVO for the significant delays in building a nuclear reactor in Finland, reported the Finnish media.
Finnish broadcaster MTV3 said that it had obtained a copy of a letter which was sent by Areva’s president Luc Oursel to TVO’s board chairman Timo Rajala, where Mr. Oursel, it is stated, said that the two companies had “no normal business relationship”
Areva together with Germany’s Siemens, is building the nuclear plant for TVO in Olkiluoto, western Finland, however, the project has now fallen more than three years behind the original schedule but both parties are blaming each other for delays as well as the projects ballooning costs.
Last month world energy expert Areva, reported that the company’s January-June net profit fell 79% to 161 million euros (235 million dollars) following a charge of 550 million euros it took for more delays in Olkiluoto.
The nuclear reactor at Olkiluoto has been re-scheduled to start producing energy by the second half of 2012, and a judgement regarding a dispute between Areva, Siemens and TVO over compensation for the delays is pending at the Paris-based International Chamber of Commerce.
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