July 1, 2011 / 7:48 AM / in 8 years

UPDATE 1-Fennovoima invites bids to build nuclear plant

HELSINKI, July 1 (Reuters) - Finnish nuclear power consortium Fennovoima said it has invited France’s Areva and Japan’s Toshiba Corp to bid for construction of a new nuclear power plant.

The bids would be for delivery and construction of reactor and turbine islands, Fennovoima, a consortium led by German utility E.ON’s (EONGn.DE) Finnish subsidiary, said on Friday.

Fennovoima said the building site will be in either Pyhajoki or Simo, both in Finland.

Finland’s parliament last year gave utilities Teollisuuden Voima and Fennovoima permission to construct new nuclear reactors.

The new reactors are expected to come online by around 2020, raising Finland’s total number of reactors to seven.

In 2010 around 25 percent of electricity used in the Nordic country came from nuclear energy. (Reporting by Helsinki Newsroom; Editing by Mike Nesbit)

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