As a standard-bearer for French plans to control one-third of the global nuclear powerplant market, Finland’s Olkiluoto project falls short of expectations. Delayed and mired in contractual disputes, the project is the world’s first to include new Franco-German reactor technology on which Paris-based Areva NP is hanging its ambitions.
Olkiluoto’s third unit (OL3) is the first of a kind, say Areva officials, in explaining some of the project’s difficulties, hinting that the joint venture may have bid too optimistically for the turnkey contract. Now in arbitration, the project is expected to end in 2012, not this year as planned.