The Hanhikivi 1 project schedule to be re-evaluated

Fennovoima has received a new schedule estimation from the plant supplier RAOS Project on the Hanhikivi 1 -project’s milestones. The goal is to receive the construction license and to start the construction of the plant in 2021. Accordingly, the commercial operation of the plant would begin in 2028.

Fennovoima and the plant supplier have begun developing an overall project schedule based on the received information. This process is estimated to be completed during Q1 2019.

The construction license for the nuclear power plant is granted by the government. A prerequisite to obtaining the license is a favorable safety assessment from the Radiation and Nuclear Safety Authority STUK. Fennovoima is currently providing STUK with the nuclear power plant design documentation for assessment. The plant supplier is responsible for the preparation of the design documentation needed for the construction license and for its delivery to Fennovoima.

After completion, Fennovoima’s Hanhikivi 1 plant will generate climate-friendly electricity for decades: the lifetime of the power plant is a minimum of 60 years. The Hanhikivi 1 power plant will improve Finland’s energy self-sufficiency, help to meet climate targets, and reduce the dependence on imports far into the future.

Further information

Toni Hemminki, CEO, Fennovoima

Contacts via communications: Heli Nikula, tel. +358 20 757 8429