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> In Finland's case the French state (Areva) provided the indirect €5 billion subsidy to get this plant built. Finland wasnt going to shoulder the full costs it

by doikor 4y ago

> In Finland's case the French state (Areva) provided the indirect €5 billion subsidy to get this plant built. Finland wasnt going to shoulder the full costs itself. It has no military nuclear interests. Areva made a bid so low that every other builder decide to not even bother leave their final bids. It is not TVOs problem that Areva made a bad contract (other then making sure Areva had enough insurances/financial backing to finish the project even if it goes over budged) TVO did have other builds interested (Sweden, America and Japan) but their reactors were only in the 1000MW range instead of 1600MW and cost a bit more. So obviously TVO took the best option. The best would have been for the government give TVO the permits to builds multiple reactors so they could have built 2x800MW or something like that which would have been easier/cheaper.

pydry 4y ago
>It is not TVOs problem that Areva made a bad contract I didnt say it was. However, France (Areva) making a "bad contract" is why this plant exists at all. The French state being willing to eat a loss on this plant that is large enough to build an equivalent-in-MW wind farm doesnt happen just by accident. The private sector alone would have abandoned plans for this plant long ago.
- doikor 4y ago
  > I didnt say it was. However, France (Areva) making a "bad contract" is why this plant exists at all. If Areva did not make such a low bid they would have probably chosen another bid by another provider.
  - pydry 4y ago
    More likely theyd just have canceled it. The price they paid for 1.6GW was already very high without accounting for the French military's €5 bn gift and construction delays.
    - doikor 4y ago
      We really don't know this. There were 4 other companies that took part in the bidding process and were in it quite seriously but dropped off when the government signaled it would only give permit for a single reactor (so no 2x800MW etc but instead just one huge one) and Areva put in their bid (and was loud/public about it) Fortum also wanted to build their own third reactor in Loviisa but was not given a permit. This not getting permit left Fortum with a lot of cash it really did not know what to do with so in their infinite wisdom they decided to buy Uniper. So I would say at that moment there was a lot of interest to build a reactor and it would most likely have been built without Arevas involment. Still even the original price was higher then expected. In the original paperwork to government to start the process of getting the permit the estimate was 1.7 to 2.5 billion euros.

by doikor 4y ago

pydry 4y ago

>It is not TVOs problem that Areva made a bad contract I didnt say it was. However, France (Areva) making a "bad contract" is why this plant exists at all. The French state being willing to eat a loss on this plant that is large enough to build an equivalent-in-MW wind farm doesnt happen just by accident. The private sector alone would have abandoned plans for this plant long ago.

doikor 4y ago
> I didnt say it was. However, France (Areva) making a "bad contract" is why this plant exists at all. If Areva did not make such a low bid they would have probably chosen another bid by another provider.
- pydry 4y ago
  More likely theyd just have canceled it. The price they paid for 1.6GW was already very high without accounting for the French military's €5 bn gift and construction delays.
  - doikor 4y ago
    We really don't know this. There were 4 other companies that took part in the bidding process and were in it quite seriously but dropped off when the government signaled it would only give permit for a single reactor (so no 2x800MW etc but instead just one huge one) and Areva put in their bid (and was loud/public about it) Fortum also wanted to build their own third reactor in Loviisa but was not given a permit. This not getting permit left Fortum with a lot of cash it really did not know what to do with so in their infinite wisdom they decided to buy Uniper. So I would say at that moment there was a lot of interest to build a reactor and it would most likely have been built without Arevas involment. Still even the original price was higher then expected. In the original paperwork to government to start the process of getting the permit the estimate was 1.7 to 2.5 billion euros.