The company has comitted to invest around €60m in the project over the next ten years, most of which will be back loaded.
Rautaruukki’s share of the output of the plant’s nominal capacity is anticipated to be approximately 40MW.
Built by Fennovoima, a partnership between Voimaosakeyhtio and Rosatom, the Hanhikivi 1 nuclear power plant is a AES-2006 pressurized water reactor (PWR), a recent development of voda voda energo reactor (VVER) plants,
The power plant will have a total capacity of 1,200MW, and is scheduled to enter commercial service in 2024.
Rautaruukki’s involvement in the project is a means to spread purchases of the electricity needed in steel production.
The company aims to ensure a long-term supply of competitive, steadily-priced, carbon-dioxide-free electricity.
