Balancing competitiveness and climate objectives: Bellona Europa’s insights on the Draghi Report
Introduction Competitiveness has been the dominating topic in EU political discussions in recent months and is set to be a key focus of the upcomi...
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Publish date: October 29, 2003
News
A contract has not yet been signed, but power company TVO has announced that it has ended negotiations with the other bidders, or General Electric and Russian company Atomstroyexport, Finnish daily Helsingin Sanomat reported. According to Mauno Paavola, the President and CEO of TVO, financial aspects were decisive in the choice of location and manufacturer. TVO compared the price of electricity production to the costs of the investment. TVO selected the largest reactor from its alternatives. The new reactor, a pressurised water reactor, will have an output of 1,600 megawatts, which is the maximum authorised by Parliament. TVO had budgeted 1.7 – 2.5 billion euros for the purchase of the reactor. Paavola estimated that the total value of the investment would be three billion euros, including nuclear waste management expenses. The bid of GE was reportedly expensive, and the reactor offered by the Russians was smaller in size. Paavola remarked that all bidders were equal in technological and safety issues. Paavola commented that all key issues have already been agreed upon with Framatome, but that in theory it is possible that the manufacturer of the reactor will still change if some disputes should arise.
The Russian nuclear ministry representative said to ITAR-TASS that it was a pity Finland would built reactor, which exists only on paper. Observers close to the negotiations believe the deal has been closed in practice. The purchase will be financed primarily by raising capital in international fixed income markets. The investment is in fact the largest private industrial investment in Finnish history. The new reactor should be in commercial operation by 2009.
Introduction Competitiveness has been the dominating topic in EU political discussions in recent months and is set to be a key focus of the upcomi...
Russia is a world leader in the construction of nuclear power plants abroad. Despite the sanctions pressure on Russia since its full-scale invasion of Ukraine in 2022, its nuclear industry has remained virtually untouched.
Today, the Bellona Foundation is launching the establishment of the Center for Marine Restoration in Kabelvåg, Lofoten. At the same time, collaboration agreements related to the center were signed with Norrøna, the University of Tromsø, the Lofoten Council and Blue Harvest Technologies
To ensure that Germany achieves its goal of climate neutrality by 2045, negative emissions are necessary, as depicted in the global IPCC scenarios.