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Published in TZ Latest News 25 October, 2014 by The TZ Newswire Staff

Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays

The French-German consortium Areva-Siemens (AREVA.PA)(SIEGn.DE), the supplier of Finland’s much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday. TVO and Areva have traded accusations about who is to blame for delays and extra costs, and the International Chamber of Commerce’s (ICC) arbitration court is processing a dispute on cost overruns between the two sides.

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