Commissioning of the Finnish nuclear reactor postponed

TVO applies for an extension of the construction license of Olkiluoto 4 plant unit in Finland.

Teollisuuden Voima asks the government to extend the validity of the nuclear power plant unit, Olkiluoto 4, and set a new time limit for submitting the construction license application.

TVO propose that the time limit to submit the construction license application would be extended by five years. New estimated start up of Olkiluoto 4 would take place during the later half of 2020.

- Building of a new nuclear power plant unit has a great significance for the society and means billions of euros' investment in Finland. Decisions on such an investment need to be timed the most appropriate way considering the production capacity as well as the other operational environment, says TVO:s CEO, Jarmo Tanhua.