Russia Ready to Cooperate on Building Finnish Loviisa Nuclear Plant
HELSINKI - - Russia's state nuclear energy agency, Rosatom, provides the nuclear fuel for the first and the second power units of the Loviisa plant in southern Finland .
Finland and Russia already work together on projects in the nuclear sector, such as the construction of the Hanhikivi 1 plant in Finland . Finnish nuclear company Fennovoima Ltd and Rusatom Overseas, a subsidiary of Rosatom, signed a contract in 2013 to construct the nuclear power plant in northern Finland.
The facility will include a Russian-designed 1,200-megawatt pressurized water reactor.
According to the project time line, Hanhikivi 1 will begin producing electricity in 2024.
Related News
New clean energy investment in developing nations slipped sharply last year: report
BEIJING - New clean energy investment slid by more than a fifth in developing countries last year due to a slowdown in China, while the amount of coal-fired power generation jumped to a new high, a recent annual survey showed.
Bloomberg New Energy Finance (BNEF) surveyed 104 emerging markets and found that developing nations were moving towards cleaner power sources, but not fast enough to limit carbon dioxide emissions or the effects of climate change.
New investment in wind, solar and other clean energy projects dropped to $133 billion last year from $169 billion a year earlier, mainly due to a slump…
