Finland -------- Olkiluoto 3
400% over budget and 18 years to build (projected build time was 4 years)
Anyone like the idea of the Finland experience?????
and guess what? Finland has been into nuclear since 1970 - 54 years. Oz - zip.
=======================================================
''The Olkiluoto 3 nuclear reactor in Finland experienced significant cost overruns and delays:
Cost:
- The original budget for the project was around €3 billion[1][4].
- The final cost is estimated to be between €11 billion and €12 billion[3][4][5].
- This represents an increase of nearly 3-4 times the initial estimate.
Construction timeline:
- Construction began in 2005[1][2].
- It was originally scheduled to be completed in 2009, just 4 years after construction started[2][4].
- The reactor finally began regular electricity production on April 16, 2023[3][5].
- This means the total construction time was about 18 years, which is 14 years longer than initially planned[3].
The project faced numerous delays and challenges, including technical problems, safety issues, and poor project management[4]. These setbacks led to legal disputes between the operator TVO and the contractor Areva-Siemens[1]. Despite the delays and cost overruns, Olkiluoto 3 is now operational and is expected to provide about 14% of Finland's electricity demand, contributing significantly to the country's energy self-sufficiency and clean energy goals[3][5].
[1] https://www.nucnet.org/infographics...iluoto-3-begins-commercial-operation-5-2-2023
[2] https://bergensia.com/finland-opens-first-european-nuclear-plant-in-15-years/
[3] https://www.euronews.com/green/2023...it-mean-for-climate-goals-and-energy-security
[4] https://www.dw.com/en/finlands-much-delayed-nuclear-plant-launches/a-61108015
[5] https://apnews.com/article/finland-energy-nuclear-power-reactor-741341cfdf79e655a2a680e1b1130917
- Forums
- Political Debate
- Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change
Finland -------- Olkiluoto 3 400% over budget and 18 years to...
-
- There are more pages in this discussion • 1,236 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online