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Finland could invest in a second EPR nuclear power plant, despite the time and cost overruns that have dogged its first project at Olkiluoto.
Finnish project company Fennovoima has named the EPR supplied by Areva as one of two preferred bidders for a new nuclear project at Pyhajoki on Finald’s west coast, reports World Nuclear News. The other shortlisted option is a so-called advanced boiling water reactor (ABWR) from Toshiba.
The project will be funded in a structure familiar in Finland, where large customers and resellers have shares in a dedicated project company. In this case the company, Fennovoima, is also part owned by Eon, which has a 34 per cent stake.
The company has now received technical and commercial bids for the project, and is expected to make a commercial decision on the supplier by the end of next year. The project is due to begin operation in 2020.
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