Energy Central News

Curated power industry news from thousands of top sources.


Rosatom sues Finnish firm over terminating nuclear power plant contract

  • Aug 24, 2022
Anadolu Agency


Russia's state-run nuclear energy firm Rosatom said on Monday it is suing Finnish company Fennovoima for about $3 billion.

"To date, Rosatom already filed six lawsuits totaling $3 billion. The details of the claims are confidential and are not subject to disclosure," Rosatom's press service said in a statement.

Earlier, Joachim Specht, CEO of Fennovoima, said in an interview with a Finnish newspaper that his firm filed a lawsuit for E2 billion ($1.9 billion) against Rosatom.

In May, Fennovoima announced the termination of the contract with the Finnish branch of Rosatom, citing delays in the fulfillment of obligations on the Russian side.

The Russian firm was given the contract for the construction of the Hanhikivi-1 nuclear power plant in Finland.

In response, Rosatom said the company was strictly fulfilling all its obligations on its international projects.

Rosatom claimed the Finnish side terminated the contract without discussion with shareholders.


No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »