News
Publish date: September 12, 2007
Written by: Birthe Weijola
News
Elfi director Antti Koskelainen is quoted saying that the cost of the delay is comparable to the investment cost for the whole reactor.
The estimate is based on a report from the Finnish State Technical Research Institute (VTT), showing that a 1000 MW electricity cable from Leningrad NPP to Finland would cut the price of electricity in the Nordic countries by 6 percent by year 2011. The 1,600 megawatt Olkiluoto reactor would cut electricity prices even more, saving Nordic electricity consumers EUR 1.2 billion year.
The start-up date of the Olkiluoto 3 reactor has been delayed by two and a half years beyond its original start-update of 2009. The current estimate is that it will be finalized by 2011.
According to Martti Kätkä, the director of Finnish Technology Industries, also quoted in Kauppalehti, the delay of the reactor will additionally cost up to EUR 500m in carbon credits for the energy companies who are shareholders in Olkiluoto 3, who will have to rely on more coal power until the new reactor can be taken into use.
The reactor that is currently under construction at Olkiluoto NPP is the first European Pressurized Water Reactor (EPR) in the world. It was ordered by the Finnish energy company Teollisuuden Voima Oy from Areva, a French-German Consortium formed by Framatome ANP and Siemens.
Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our main focus lies in identifying the factors that contribute to pollution risks and climate change.