Year:2004 (and 2010)
Policy status:In Force
Date Effective:2004 (and 2010)
Policy Type:Regulatory Instruments
Policy Target:Energy Sector>Electricity Generation
Agency:Ministry of Employment and the Economy

In Finland, the nuclear power initiatives must come from industry, and Finnish State does not participate in the financing of nuclear projects. As stipulated in the Nuclear Energy Act, an environmental impact assessment process must be carried out before an application for a decision-in-principle (DIP) can be submitted to the Government. If the application is awarded a favourable decision-in-principle by the Government, it still needs to be ratified by the Parliament.

Currently there is one new nuclear power unit under construction (Olkiluoto 3 by the operator TVO). The construction began in August 2005 and according to the latest notice from Areva, the main supplier, the commercial operation could start in 2018.

In 2010, decisions-in-principle were awarded for two new nuclear power units: Olkiluoto 4 (by TVO) and Hanhikivi 1 (by Fennovoima)

This record supersedes:Decision-in-Principle for the Construction of a New Nuclear power Plant

Last modified: Thu, 11 Jun 2015 10:36:06 CEST