Russia Ready to Cooperate on Building Finnish Loviisa Nuclear Plant

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

How waves could power a clean energy future

NEW YORK - Waves off the coast of the U.S. could generate 2.64 trillion kilowatt hours of electricity per year — that’s about 64% of last year’s total utility-scale electricity generation in the U.S. We won’t need that much, but one day experts do hope that wave energy will comprise about 10-20% of our electricity mix.

“Wave power is really the last missing piece to help us to transition to 100% renewables, ” said Marcus Lehmann, co-founder and CEO of CalWave Power Technologies, one of a number of promising startups focused on building wave energy converters.

But while scientists have long understood…

READ MORE
russia china electricity trade

Russia to triple electricity supplies to China

READ MORE

nuclear

First Nuclear Reactors Built in 30 Years Take Shape at Georgia Power Plant

READ MORE

major utilities in the United States

Major U.S. utilities spending more on electricity delivery, less on power production

READ MORE

German Chancellor Olaf Scholz

Germany agrees 200 bln euro package to shield against surging energy prices

READ MORE