HELSINKI, March 11 Energy firm Fennovoima said
on Tuesday it has agreed to buy over 200 hectares of land in
Simo, northern Finland, for a potential nuclear plant site,
securing its second plot in Finland.
The company, a joint venture formed by Finnish steel firm
Outokumpu OU1V.HE, German utility E.ON EONG.DE and other
smaller companies, aims to build a 1,500 to 2,500 megawatt
nuclear plant in Finland and hopes the power station would be
ready in 2018.
Fennovoima has previously bought 600 hectares of land in
Ruotsinpyhtaa, on the southern coast of Finland.
The company has environmental impact assessment studies
ongoing for a nuclear plant in four Finnish towns, including
Kristiinankaupunki and Pyhajoki on the west coast.
Fennovoima plans to finish the studies by February 2009,
after which it will submit to the Finnish government an
application to build the plant.
In addition to Fennovoima, utilities Fortum FUM1V.HE and
Teollisuuden Voima (TVO) have announced plans to build new
reactors in the next decade.
TVO is building Finland's fifth nuclear reactor in
Olkiluoto, western coast, due to be ready in mid-2011.
(Reporting by Sami Torma)