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[cdn-nucl-l] Finland's TVO says received nuclear reactor bids
Posted in Forbes Magazine on March 31, 2003 and at:
Finland's TVO says received nuclear reactor bids
Reuters, 03.31.03, 9:56 AM ET
HELSINKI, March 31 (Reuters) - Finnish nuclear power producer Teollisuuden
Voima (TVO) said on Monday it had received a range of bids to build the
country's fifth nuclear reactor, with a decision on who will win the
contract expected before year-end.
"We have received sufficient offers that represent different plant
technologies and delivery options," TVO Chief Executive Mauno Paavola said
in statement, without specifying the exact number.
TVO said it intended to submit an application to build the the new
1,000-1,600-megawatt (MW) reactor to the government as soon as possible
after the competition, with the unit to come online in 2009.
The location of the new plant -- which will be built at existing nuclear
plant sites in the west coast town of Olkiluoto or in the southeastern town
of Loviisa -- will also be announced before the end of the year.
Framatome ANP, which is owned by France's Areva <CEPFi.PA> and Germany's
Siemens <SIEGn.DE>, said in a statement on Monday it had submitted a bid to
build the reactor. Other companies expected to take part in the competition
include U.S. General Electric (nyse: GE - news - people) and Russia's
Finland's parliament approved plans to build the reactor in 2002, the first
such move in Western Europe in more than a decade.
Copyright 2003, Reuters News Service