All invited suppliers have submitted proposals for a new reactor at the Olkiluoto power plant. The competition is between Areva, GE-Hitachi, KHNP, Mitsubishi and Toshiba. The power plant is owned by Teollisuuden Voima Oyj (TVO). The TVO company asked for nuclear units to generate 1450-1750 MWe and received submissions for the following types of reactors: Areva's EPR, GE-Hitachi's ESBWR, South Korea's APR1400 via a KHNP consortium, Mitsubishi Heavy Industries' APWR and Toshiba's ABWR.
Next will come a proposal review process involving about 150 TVO's staff, who will assess the investment costs and different delivery methods.
In 2008 an environmental impact assessment by TVO concluded that a fourth reactor would have a positive effect on the local economy without causing danger to the public. Permanent residents in the area showed 55% support for expanding the power plant.
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