During 2014, the Fennovoima project advanced from the preparation phase to the execution phase. In March Fennovoima submitted to the Government an application for a supplement to the decision-in- principle granted in 2010.
In September the Government issued a favorable decision-in-principle based on the company’s application, but requires at least 60% Finnish (EU/ETA area) ownership at the time of the construction license application.
In December the Parliament ratified the resolution of the Government. Rosatom’s Finnish subsidiary RAOS Voima Oy became a minority shareholder in Fennovoima in April with a 34 percent stake. In April Fennovoima’s owners, Voimaosakeyhtiö SF and RAOS Voima Oy, made a binding decision to construct and finance the nuclear power plant in Pyhäjoki.
In May, the Radiation and Nuclear Safety Authority (STUK) issued a preliminary safety assessment regarding the Fennovoima Hanhikivi 1 project. The Radiation and Nuclear Safety Authority estimated that the AES-2006 plant can be constructed to fulfill the Finnish safety requirements at the location specified by Fennovoima: Hanhikivi at Pyhäjoki.
In May, Fennovoima Oy, JSC Rusatom Overseas (the plant supplier) and labour market organizations signed a site agreement regarding common rules at the future Pyhäjoki nuclear power plant construction site. The agreement is based on the work of a working group that was established in 2012 to focus on the site’s policies of cooperation and methods to prevent a grey economy.
The project transitioned to the construction phase at the Hanhikivi headland in Pyhäjoki when construction of a new access road was started in September. In 2014 a wide array of soil surveys of the Hanhikivi headland were carried out, both in the plant area as well as in the area for support functions. In August a decision-in-principle was signed with Fingrid regarding the connection of the nuclear power plant to the grid governed by Fingrid.