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Russia and Finland Begin Construction on Nuclear Power Plant
Jan. 21, 2016 09:27AM PST
Energy InvestingRT reported that Russian state atomic energy corporation, Rosatom, has commenced construction on a nuclear power plant in northern Finland.
RT reported that Russian state atomic energy corporation, Rosatom, has commenced construction on a nuclear power plant in northern Finland.
According to the news:
The two companies signed a contract for the construction of the Hanhikivi 1 nuclear power plant in December 2013. It is scheduled to begin operations in 2024 and will be adapted to comply with Finnish national safety requirements. Rosatom will deliver a 1,200-megawatt reactor for the plant.
Kirill Komarov, Rosatom First Deputy CEO for Corporate Development and International Business noted that the nuclear plant:
will have a positive impact on the economy of the region in terms of tax revenues and creation of new jobs.