Areva is weighing the need for further delays to its flagship nuclear reactor in Finland, which could result in new provisions for a project already running two years behind schedule and an estimated €1.5bn ($2bn) over budget.
The French nuclear operator is in discussions with its Finnish utility client TVO over the need to adjust the timetable for the fourth time in two years on the world’s biggest nuclear build project. This means that the new generation, heavy-duty EPR reactor might now not enter service until 2012, against an initial target of 2009 and will cost far more than the original estimate of €3bn.
