Areva-Siemens increases claimrnin dispute over Olkiluoto-3 cost overruns

摘要

Areva-Siemens has revised its claim against Teollisuuden Voima Oy, orrnTVO, over the Olkiluoto-3 project upward to Eur3.52 billion ($3.97rnbillion), TVO said in a statement February 9.rnThe claim had been Eur3.4 billion. TVO updated its claim againstrnAreva-Siemens in August 2015 from Eur2.4 billion to Eur2.6 billion.rnAreva and Siemens are building the 1,600-MW Olkiluoto-3 EPRrnfor TVO under a turnkey Eur3.2 billion contract. But the project hasrnbeen seriously delayed and Areva estimates that the reactor willrnnot be in commercial operation until December 2018, more thanrnnine years behind schedule, and that the total cost will be aboutrnEur8.5 billion.rnThe companies have been in arbitration proceedings at thernInternational Chamber of Commerce in Stockholm since December 2008rnto try and reach agreement on damages.