Ministry of Economic Affairs and Employment considers termination of Pyhäjoki plant delivery contract reasoned

Fennovoima announced on 2 May 2022 that it has terminated the engineering, procurement and construction (EPC) contract with RAOS Project concerning the planned nuclear power plant in Pyhäjoki. According to Fennovoima, the decision is due to RAOS Project’s significant delays and its inability to deliver the project.

The Ministry of Economic Affairs and Employment considers the owners’ decision regarding the plant delivery contract justified and consistent. The termination of the contract is an understandable measure in this situation. 

Under the Nuclear Energy Act, the Ministry of Economic Affairs and Employment is the responsible ministry to which Fennovoima submitted a construction licence application addressed to the Government in 2015 and the latest updated version in April 2021. 

Based on new information, the Ministry of Economic Affairs and Employment will soon examine and assess the effects of the contract termination and the company’s measures. 

Inquiries:
Riku Huttunen, Director General, Ministry of Economic Affairs and Employment, tel. +358 50 431 6518
Liisa Heikinheimo, Deputy Director General, Ministry of Economic Affairs and Employment, tel. +358 29 504 7035