Finnish Fennovoima Nuclear Power Plant Plan In Trouble
Like this TVO Olkiluoto-3 NPP under construction, the Hanhikivi plant would most likely to be costing much more than predicted - a general trend in nuclear industry
Finnish Fennovoima Company aiming to build a new nuclear power plant at Hanhikivi Area in Pyhäjoki is facing growing troubles when part of the companies that have been funding the project are withdrawing from the plan and giving up their funding.
According to YLE-news, the professor in Aalto Univesity of Helsinki, Peter Lund estimates it is possible that more companies responsible of funding the NPP will be withdawing from the project in the future - because of economical reasons.
If one of the main funders of the plan - German owned E.ON - decided to leave the project as it did with the new nuclear power plant projects in Great Britain, it would mean the end of the planned Hanhikivi nuclear power plant.
Let's hope that E.ON will respect the German Government decision to end nuclear era and make a decision to concentrate in clean energy in the future. The money invested in nuclear energy would be in better use in wind, solar, biomass or wave energy projects. Only the real risky money finds its way to nuclear these days - if you don't believe, ask TEPCO how profitable it is to clean up nuclear power accident contamination and cool down, take care of and decommission the crippled reactors for forty years to come. New studies estimate the probability of a reactor core meltdown accident for any single NPP to be over 1 % (based on real reactor reactor accidents compared to total running hours of the reactors).