Name of the Project
Olkiluoto (OL) 3 European pressurised reactor (EPR) project.

Location
Western Finland.

Project Owner/s
Teollisuuden Voima Oyj (TVO).

Project Description
The project involves the construction of the OL3 nuclear power plant unit, which will include an EPR adjacent to the existing OL1 and OL2 units.

OL3 will have an output of about 1 600 MW.

Potential Job Creation
Not stated.

Capital Expenditure
The project is estimated at more than €3-billion.

Planned Start/End Date
Operations are expected to start in 2020.

Latest Developments
The loading of fuel into the core of the OL 3 EPR is on schedule for January 2020.

TVO has stated that about 200 out of 3 000 precommissioning tests remain to be completed.

The process of loading the 241 assemblies, which are on site, has been practised several times by moving a test assembly from storage into the pressure vessel and back.

Key Contracts and Suppliers
Areva–Siemens Consortium, comprising (plant supplier).

On Budget and on Time?
Areva is constructing the plant under a fixed-price turnkey contract. TVO selected EPR technology for OL3 in 2003 and AREVA-Siemens Consortium started the construction works in spring 2005 to start the electricity production in spring 2009.

Contact Details for Project Information
OL3 senior VP Jouni Silvennoinen, tel. +358 2 8381 4100.