Finland’s nuclear plant could be a proven design for India’s trade

Finland’s nuclear plant could be a proven design for India’s trade
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First Published: Wed, Apr 18 2007. 10 45 AM IST
Updated: Wed, Apr 18 2007. 10 45 AM IST
PTI
Olkiluoto: Reflecting Europe’s willingness to do civil nuclear commerce with India, the grouping is keen to demonstrate its largest atomic power plant under construction here as a proven design for future trade in this energy segment.
The 1600MW plant is coming up in the south-western part of this country near Pori after a gap of over 20 years and it could be a proven design for India’s proposed European Pressurised Light water reactors (EPR) in Jaitapur island in Maharashtra.
A truly multinational effort, the three billion Euro nuclear power plant construction involves 1400 direct subcontractor companies in 27 countries and more than 1000 designers including a few Indian consultants, Anneli Nikula, senior vice-president CSR and Communications of TVO, a Finnish company, said.
Financing with a 20% equity and 80% open market fund, the plant is expected to be commissioned in 2010-11 after an 18-month delay, she said.
India is planning six large EPR type reactors in Jaitapur at a cost of Rs50,000 crore. The construction delays of Olkiluoto’s third unit by 18 months due to several factors, including quality control, would help Nuclear Power Corporation of India Limited (NPCIL) as well as France that will soon begin the construction of EPR plants.
Strongly lobbying for nuclear energy as Finland’s future, 24 per cent of Finland’s energy is met by nuclear power and to cut carbon dioxide emissions, the Teollisuunden Voima Oy (TVO) has taken up the challenge of setting up Finland’s fifth nuclear plant which is also the largest in the world.
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First Published: Wed, Apr 18 2007. 10 45 AM IST
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