The arbitral tribunal gave its conclusion in the arbitration proceedings regarding the delivery of emergency diesel generators
The arbitration proceedings between Teollisuuden Voima Oyj (TVO) and Wärtsilä Finland Oy (Wärtsilä) have concluded. The arbitral tribunal resolved all the claims presented by the parties to each other concerning the delivery schedules, additional costs, and delay liquidated damages of the diesel generators, which act as an emergency power source of the Olkiluoto nuclear power plant.TVO and Wärtsilä signed an agreement on the delivery of nine emergency diesel generators* and their auxiliary systems to the Olkiluoto 1 and 2 plant units (the so-called EDG project) in 2013. In October 2020, TVO