Finland approves start-up of Olkiluoto 3

The third unit of the Olkiluoto nuclear power plant in Finland has received a start-up permit, the Finnish Nuclear Safety Authority (STUK) said in a statement.
“The company may start a nuclear reaction in the reactor of Olkiluoto’s third nuclear power plant for the first time,” STUK said in a statement, specifying that the reactor start-up will be monitored.
At the same time, the plant owner needs STUK’s permission to increase the reactor’s capacity.
Olkiluoto is a nuclear power plant in Western Finland. The plant is located on the coast of the Gulf of Bothnia in the Baltic Sea, on the island of Olkiluoto. The two reactors already in operation produce 16% of Finland’s energy consumption. In 2002 it was decided to build a third unit at the plant. In 2003, the French Areva group became the construction contractor. The final building permit was obtained in 2005. The construction cost was estimated at €3 billion, but later tripled to €9 billion.