The construction license application submitted for the project involved details of the plant location, the reactor type, the main safety systems, nuclear waste management, financing of the project and Fennovoima’s organization.
Located in the coastal municipality of Pyhäjoki on the shore of the Baltic Sea in Northern Ostrobothnia, the project is scheduled to be commissioned in 2024.
The nuclear facility will feature pressurised water reactor, which will be built by Rusatom Overseas, a subsidiary of the Russian state-owned Rosatom.
Fennovoima has started preparatory work at the plant site to prepare for the construction phase, which is planned to commence in 2018.
According to the company, the power plant’s turbines will be based on Alstom’s Arabelle technology while safety automation will be supplied by Rolls-Royce or Schneider Electric.
As per the government’s condition set out in the decision-in-principle, the project must be owned at least 60% by the European Union.
Fennovoima is 66% owned by Voimaosakeyhtiö SF, while Rosatom’s Finnish subsidiary RAOS Voima owns the remaining 34%.
