A plan for a nuclear plant in the north of Finland crossed a major hurdle after the government said the proposal had the needed funding to move ahead without additional financing from Russia.
Finnish Economy Minister Olli Rehn said Aug. 5 in Helsinki that the backing of three Finnish companies pushed the Fennovoima Oy project past a threshold set by the government to allow the plant to continue with the necessary approval processes.
State-controlled utility Fortum Oyj, stainless steel maker Outokumpu Oyj and real estate developer SRV Oyj announced earlier in the day plans to either buy stakes in Fennovoima ...
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