After the stop of the reactor construction – Rosatom demands compensation

The Russian state-owned company Rosatom is threatening to claim damages after the news that they are being thrown out of the nuclear power project in Pyhäjoki in Northern Ostrobothnia, Finland.

Finnish Fennovoima recently terminated the supply agreement with Russian Rosatom for the Pyhäjoki nuclear power plant. Russian Rosatom now plans to demand compensation.

“We have no choice but to defend ourselves and demand compensation for this illegal repeal,” the subsidiary Raos Project wrote in a statement.

The reason given by the Finnish company is significant delays and the inability of Raos Project to carry out the project. The increased risks posed by the war in Ukraine also contributed to the decision, according to Fennovoima.

Raos Project does not agree with the description. They admit that construction has been delayed, but that it is normal in complex projects. Roas also believes that it is the Finnish company that has failed in its communication with the relevant authorities and thus delayed the project.

“We are open to discussing possible ways forward in the project to restart when conditions allow,” the company writes.

The reactor was scheduled to be commissioned in 2029, but construction was already just over ten years behind its original timetable.