Monday, March 27 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Finland: Professor predicts OL3 could be country's last large nuclear reactor

    January 23, 2023 - M-Brain Nordic News


      Finnish power company Teollisuuden Voima's (TVO's) Olkiluoto 3 (OL3) plant unit could be Finland's last large nuclear reactor, according to Professor Juha Hyvärinen from the Department of Energy Technologies at Lappeenranta-Lahti University of Technology (LUT University) in Finland. The development of small modular reactors (SMRs) is taking great strides. TVO's production cost is estimated at EUR 30-35 per megawatt hour. Finnish energy company Fortum is Finland's largest owner of nuclear power, followed by Finnish forest industry company UPM, which owns 31% of OL3. UPM's share of OL3's output is 500 MW, Fortum's 400 MW, energy company Helen's 160 MW, EPV Energy's 160 MW and forest industry company Stora Enso's 150 MW. OL3's price tag was initially estimated at EUR 3bn, but TVO has said that it is paying EUR 5.8bn for the plant unit. It has been estimated that the construction of OL3 has cost as much as EUR 11bn.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.