Russia’s Raos Project, the Rosatom state nuclear corporation subsidiary established to deliver the Hanhikivi-1 reactor in northern Finland, said it is “extremely disappointed” the engineering, procurement and construction (EPC) contract has been terminated and called the move “anti-market and politically motivated”.
The company said in a statement that Rosatom has sufficient resources and the necessary organisational flexibility to fulfil its contractual obligations “even in a difficult current environment”.
It said the project suffered some early delays, which is not unusual with complex nuclear construction projects, but has progressed with the finalisation of the plant design. At the end of 2021 RAOS Project delivered various key documents on schedule including a preliminary safety analysis report and a technical safety assessment of the design, demonstrating that the plant meets standards.
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