Fennovoima invited bids for its power plant

July 1, 2011

Fennovoima has today on 1stJuly sent a bid invitation to Areva and Toshiba for the construction of a new nuclear power plant. The bids are requested for the delivery and construction of reactor and turbine islands. Fennovoima will decide the final model of delivery during the contract negotiations that will be carried out based on the delivered bids.

The bid invitation does not include infrastructure works that are performed during the first years of the construction phase and preparatory works including i.a. earthmoving, excavations and water construction. Excluded from the bid invitation are also for example the construction of visitor center and residential area for some 1000 employees.

Fennovoima chose Areva and Toshiba as plant supplier alternatives in 2008 and since then, technical development work has been done with both companies as well as with alternative turbine suppliers Alstom and Siemens.

Far progressed technical development already before the selection of the main supplier supports a smooth nuclear power plant project execution and ensures the nuclear power plant is safe in operation. The plant supplier and the model of delivery will be decided in 2012-2013.

Fennovoima has two alternative sites for its nuclear power plant, Pyhäjoki and Simo. The company selects the site as soon as possible after the Supreme Administrative Court has given its decision on appeals filed in concerning the regional land use plans of the sites. After the site selection, Fennovoima continues the planning process and more detailed ground and environmental investigations in the chosen site.

The nuclear power plant is to be constructed in a new greenfield site which means that the preparatory works will be carried out first. Some of the preparatory works start in the end of 2012 at earliest. A more detailed schedule is to be made when the plant contract is signed.  

Fennovoima was established in 2007 and the Finnish parliament granted the company a Decision-in-Principle exactly one year ago. The electricity produced in Fennovoima's nuclear power plant will be delivered at cost price for the 70 shareholders of the company.

For more information:  Timo Kallio, Engineering and Construction Director, tel. +358 (0)20 7579207

www.fennovoima.fi