Nuclear Exit Continues

*Finnish retailer Kesko allowed to exit nuclear project*

http://www.reuters.com/article/finland-nuclear-kesko-idUSL5N1F01OO

Tue Jan 10, 2017 | 4:38am EST

HELSINKI Jan 10 Finnish retailer Kesko Oyj is allowed to walk away from the
Fennovoima nuclear project, an arbitration court ruled on Tuesday.

Kesko, which owned about 2 percent of Fennovoima at the time, said in 2014
it wanted out of the project, but Fennovoima’s Finnish owners said Kesko
had committed to further financing for the 6-7 billion euro ($6.4-7.4
billion) plant.

Finland’s court of arbitration dismissed that claim on Tuesday.

“This is the end of the case. We are happy with the decision,” Kesko
spokesman Lauri Peltola said.

Fennovoima declined to comment and its Finnish owners’ consortium,
Voimaosakeyhtio SF, was not available for immediate comment.

The project has seen several of its original investors opt out, including
Germany’s E.ON.

Russian state-owned nuclear company Rosatom agreed in 2013 to take a large
stake in the project, and to supply the reactors

Facing concerns about an increase in Russia’s influence on Finland’s energy
sector, however, the Finnish government then set a requirement for 60
percent local ownership in the project.

That threshold seemed out of reach and the project was close to collapse in
2015 before Finnish utility Fortum signed up.

Prior to the arbitration ruling, the project was 66-percent owned by
Voimaosakeyhtio SF, which includes Finnish utilities and industrial
companies, while Rosatom held 34 percent, Fennovoima’s website showed.

The reactor is due to come on stream in 2024.

($1 = 0.9427 euros) (Reporting by Jussi Rosendahl; editing by Jason Neely)

*Finnish ministry calls for continued talks on joint disposal*

16 December 2016

http://www.world-nuclear-news.org/WR-Finnish-ministry-calls-for-continued-talks-on-joint-disposal-1612164.html

Finnish ministry calls for continued talks on joint disposal
<http://www.world-nuclear-news.org/WR-Finnish-ministry-calls-for-continued-talks-on-joint-disposal-1612164.html&gt;

http://www.world-nuclear-news.org

Fennovoima’s environmental impact assessment (EIA) program for its own used
nuclear fuel disposal facility is “comprehensive” and meets legal
requirements, Finland’s Ministry of Employment and the Economy has said.
However, the ministry expects Fennovoima to continue cooperation with the
licensees of the Onkalo repository project at Olkiluoto.

*Fennovoima’s environmental impact assessment (EIA) program for its own
used nuclear fuel disposal facility is “comprehensive” and meets legal
requirements, Finland’s Ministry of Employment and the Economy has said.
However, the ministry expects Fennovoima to continue cooperation with the
licensees of the Onkalo repository project at Olkiluoto.*

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