Subscribe free to our newsletters via your




CIVIL NUCLEAR
Finnish energy giant to invest in major nuclear power project
by Staff Writers
Helsinki, Finland (XNA) Dec 05, 2014


File image.

Finland's biggest energy company Fortum has decided to invest in a major nuclear power project and thus improve its chances of winning approval from the parliament later this week.

Fortum said on Tuesday that it will join Fennovoima project, located in northwestern Finland, with a 15 percent share. The entry of Fortum will satisfy a criteria for parliamentary approval, which requires at least 60 percent domestic or EU ownership.

Finnish Minister for Economy Jan Vapaavuori welcomed the news and said the planned purchase by Fortum assures the level of domestic ownership.

Fortum owns two nuclear power plants in Loviisa, southern Finland, and has a 25 percent stake in another major nuclear power producer Teollisuuden Voima (TVO).

Fennovoima's licence change required additional parliamentary processing due to the switch to Russian technology.

Following an earlier pullout of the German E.ON from the Finnish nuclear power project, Fennovoima opted to use Russian technology and the Russian Rosatom became a major owner.

To get final parliamentary approval, the plant must have at least 60 percent ownership from the EU or the European Economic Area.

The Director General of Rosatom Sergei Kirienko said in a statement that the deal will strengthen cooperation between energy companies in Russia and Finland.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Fortum
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CIVIL NUCLEAR
Seismic Faults Pose Risk to California Nuclear Power Plant
Washington DC (Sputnik) Dec 05, 2014
Multiple fault lines pose a risk to the safety of the seaside Diablo Canyon nuclear power plant in California, as they could be more powerful than previously estimated, a former state senator told a Senate hearing on Wednesday. "The faults surrounding Diablo [Canyon] are now understood to be larger and more connected than previously believed," Sam Blakeslee, who is also the former Californ ... read more


CIVIL NUCLEAR
Amsterdam sends abandoned bicycles to Syrian refugees

Fire causes shutdown at Belgian nuclear reactor

Displaced top 2 million as winter hits northern Iraq

Japan starts chemical weapon destruction in China

CIVIL NUCLEAR
Russia Puts Second GLONASS-K Satellite Into Orbit: Defense Ministry

Mislaunched navigation satellite may get 2nd life: ESA

China's homegrown GPS ready to be used for smartphones

GLONASS-K State Testing to End in 2015: Russian Defense Ministry

CIVIL NUCLEAR
Archaeologists say ancient shell engraving is oldest human art

Primates have been drinking alcohol for 10 million years, according to a new study

Swiss to vote on immigration cut 'to save environment'

Prehistoric conflict hastened human brain's capacity for collaboration

CIVIL NUCLEAR
Mass extinction led to many new species of bony fish

Yackety yip: Dogs do understand words, says scientist

Vietnam seizes over 1,000 dead endangered sea turtles

Centipede's genome reveals how life evolved on our planet

CIVIL NUCLEAR
Bird flu found at two farms in Canada

Uganda 'HIV nurse' to be released from jail

New Dutch cull ordered after bird flu confirmed as H5N8

Teens turn to text messages for AIDS advice in Zambia

CIVIL NUCLEAR
Backlash against Chinese plan to film professors

China to send artists to countryside: report

China media watchdog to send artists to countryside

Teachers' pay strike spreads in China

CIVIL NUCLEAR
Corruption on rise in Turkey, China: Transparency

CIVIL NUCLEAR
China bank ICBC plans $5.6 bn preferred share issue

China 2015 GDP target in focus as stimulus expectations heat up

US: Chinese economy should wean from cheap labor model

Corruption worsening in Turkey, China: Transparency




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.