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Dec. 18, 2003 -- A consortium led by Framatome ANP, the joint venture of AREVA and Siemens, will build an EPR (European Pressurized Water Reactor) nuclear power plant in Olkiluoto in Western Finland.
The contracts were signed Dec. 18 by the Finnish electricity utility Teollisuuden Voima Oy (TVO) with Framatome ANP and its consortium partner Siemens. The Nuclear Island for the turnkey project will be supplied by Framatome ANP, the conventional part of the power plant, i.e. the Turbine Island, by Siemens Power Generation (PG). The overall Olkiluoto 3 project cost has been estimated by TVO at around EUR 3 Billion.
"The European Pressurized Water Reactor is certainly a milestone in the recent development of nuclear energy. With placing the first order for an EPR, Finland paves the way for further projects and Siemens expects that the Finnish example will find followers in other countries as well", said Dr. Uriel Sharef, Member of the Corporate Executive Committee, Siemens AG.
The EPR plant for Finland has a capacity of about 1600 Megawatt (MW). It is scheduled to start commercial operation in 2009. The Siemens PG scope of supply comprises the Turbine Island which will consist of the steam turbine, the generator, the electromechanical equipment as well as instrumentation and control equipment for the conventional part of the power plant.
The Power Generation Group (PG) of Siemens AG is a company in the international power generation sector. In fiscal 2003 (which ended September 30), Siemens PG posted sales amounting to approximately EUR 7 billion and received new orders totaling EUR 7.3 billion. Group profit amounted to EUR 1,171 million. On September 30, 2003, PG had a workforce of 30,300 worldwide.
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