We will construct Hanhikivi 1 nuclear power plant at Pyhäjoki
Hanhikivi 1 nuclear power plant will be constructed at Hanhikivi peninsula. Fennovoima submitted the construction license application in 2015. Hanhikivi 1 is the biggest investment project in Finland.
Finland’s latest nuclear power company Fennovoima and the plant supplier RAOS Project are constructing Hanhikivi 1 nuclear power plant at Hanhikivi peninsula in Pyhäjoki. Fennovoima submitted the construction license application in summer 2015. To be granted the license, the company must be able to prove that the plant will meet Finnish safety and other statutory regulations.
Fennovoima's goal is to get the construction license for Hanhikivi 1 by summer 2022. The company estimates that the construction of the power plant would begin in the summer 2023. Commercial operation of the plant would thus begin in 2029.
The Government will only grant the construction license after a positive safety assessment from the Finnish Radiation and Nuclear Safety Authority (STUK). Fennovoima is currently preparing design and safety-related documentation for STUK to review. The plant supplier plays a key role in the preparation of the design documentation.
Fennovoima has purchased the nuclear power plant as a turnkey delivery. The plant supplier is RAOS Project, which is part of the Rosatom Group. RAOS Project is responsible for the design, construction, installation and commissioning of the plant. Fennovoima is the owner of the Hanhikivi 1 project and will become the operator of the finished power plant.
The estimated total cost of Hanhikivi 1 project is EUR 7–7,5 billion. Finnish investments account for about EUR 2 billion of the total investment. This will significantly boost the national economy, particularly in northern Finland. In addition, the ripple effects of the plant will increase the demand for services in the surrounding areas.
This is how we build the nuclear power plant
The Hanhikivi 1 project can be divided into the following four areas: