AREVA to Pay $554 Million in Damages for Finnish Nuclear Fiasco

GALWAY, IRELAND--March 19, 2018--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--French nuclear engineering company AREVA (EPA:AREVA) (Paris, France) has agreed to pay 450 million euro ($554 million) in damages to Finland's Teollisuuden Voima Oyj (TVO) (Eurajoki) for delays and cost overruns at the notorious Olkiluoto 3 (OL3) nuclear power project. Within this article: Details damages payment, commissioning deadline for Olkiluoto 3 and penalties for delays, related EPR project overruns in France.