Fennovoima submits Construction License Application for the Hanhikivi 1 nuclear power plant

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Fennovoima submits Construction License Application for the Hanhikivi 1 nuclear power plant

Fennovoima has submitted a Construction License Application for the 1200 MW Hanhikivi 1 nuclear power plant to the Ministry of Employment and the Economy of Finland.

The application is pursuant to the Nuclear Energy Act and contains a description of the plant site, plant type, the main safety features, nuclear waste management, financing of the project and Fennovoima’s organization.

The nuclear facility will consist of a 1,200 MW pressurised water reactor and will be built by Rusatom Overseas, a subsidiary of the Russian state-owned nuclear corporation Rosatom. The plant site on the coastal municipality of Pyhäjoki is located in Northern Ostrobothnia on the shore of the Baltic Sea. The name of the plant comes from Hanhikivi peninsula the site is located in.

The Croatian company Migrit solarna energija has made an agreement with Voimaosakeyhtiö SF to participate in Fennovoima’s project. The Government condition for at least 60 per cent EU and EFTA ownership is thereby fulfilled. Since last autumn Voimaosakeyhtiö SF has received several new owners, of which Migrit is the most significant. Migrit is a Croatian company, which specializes in production, transmission and distribution of electricity.

The main building contractor Titan-2 will begin its own preparatory work at the plant site in July, 2015. Fennovoima aims to complete the infrastructure work by the end of 2017.

Toni Hemminki, CEO of Fennovoima, stated:

"We understand why Minister Rehn has requested a clarification on the new owner and will provide the information. We received a significant new owner within a short period of time, and we fully understand that the Ministry wants to have thorough assessment of the new owner."

"We are convinced that we can provide the necessary clarification. We submitted the Construction License Application in its entirety earlier today. The work at Fennovoima and Hanhikivi headland proceeds."

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