Released February 06, 2012 | GALWAY, IRELAND
en
Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Finnish energy company Fennovoima Oy (Helsinki, Finland) has confirmed that two commercial bids have been accepted for the construction of a new nuclear power plant in the Pyhäjoki region of northern Finland.
The bids for the Hanhikivi 1(HA1) project, which will have a generating capacity of up to 1,700-megawatts (MW), have been received from Areva S.A. (EPA:CEI) (Paris, France) and Toshiba Corporation (TYO:6502) (Tokyo, Japan). The plant will be built on the Hanhikivi peninsula on the coast of Bothnian Bay. Nuclear power currently accounts for approximately 30% of the country's electricity needs.
Both Areva and Toshiba were shortlisted by Fennovoima last July. For additional information see July 11, 2011, article - Areva and Toshiba on Shortlist for Construction of Finnish Nuclear Plant. The project has an estimated value of 4 billion to 6 billion ($5.8 billion to $8.7 billion). Fennovoima said it will choose a winner later year or in early 2013. The plant is expected to be commissioned in 2020.
Areva is proposing its European Pressurised Reactor (EPR) with a generating capacity of around 1,700 MW while Toshiba's is offering its advanced boiling water reactor (ABWR) with a capacity in the region of 1600 MW. In the Areva bid the turbine island will be supplied by either Alstom S.A. (EPA:ALO) (Levallois-Perret, France) or Siemens AG (NYSE:SI) (Munich, Germany) while Toshiba is proposing to supply both the reactor and the turbine island.
Areva is already a player in the Finnish nuclear power sector with its EPR reactor currently being installed at the troubled Olkiluoto 3 nuclear plant which is running up to three years late.
Fennovoima will be responsible for the preparatory infrastructure works including earthworks, excavation and off-shore construction, which will have to be carried out before the HA1 construction begins.
The company said: "The nuclear power plant will be constructed to a greenfield site which means that the first works consist of making a road leading to the site and constructing municipal infrastructure. At the moment, there are various environmental studies being carried out in the Hanhikivi site".
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
The bids for the Hanhikivi 1(HA1) project, which will have a generating capacity of up to 1,700-megawatts (MW), have been received from Areva S.A. (EPA:CEI) (Paris, France) and Toshiba Corporation (TYO:6502) (Tokyo, Japan). The plant will be built on the Hanhikivi peninsula on the coast of Bothnian Bay. Nuclear power currently accounts for approximately 30% of the country's electricity needs.
Both Areva and Toshiba were shortlisted by Fennovoima last July. For additional information see July 11, 2011, article - Areva and Toshiba on Shortlist for Construction of Finnish Nuclear Plant. The project has an estimated value of 4 billion to 6 billion ($5.8 billion to $8.7 billion). Fennovoima said it will choose a winner later year or in early 2013. The plant is expected to be commissioned in 2020.
Areva is proposing its European Pressurised Reactor (EPR) with a generating capacity of around 1,700 MW while Toshiba's is offering its advanced boiling water reactor (ABWR) with a capacity in the region of 1600 MW. In the Areva bid the turbine island will be supplied by either Alstom S.A. (EPA:ALO) (Levallois-Perret, France) or Siemens AG (NYSE:SI) (Munich, Germany) while Toshiba is proposing to supply both the reactor and the turbine island.
Areva is already a player in the Finnish nuclear power sector with its EPR reactor currently being installed at the troubled Olkiluoto 3 nuclear plant which is running up to three years late.
Fennovoima will be responsible for the preparatory infrastructure works including earthworks, excavation and off-shore construction, which will have to be carried out before the HA1 construction begins.
The company said: "The nuclear power plant will be constructed to a greenfield site which means that the first works consist of making a road leading to the site and constructing municipal infrastructure. At the moment, there are various environmental studies being carried out in the Hanhikivi site".
View Project Report - 79900076 79900041
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
