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Areva-Siemens win €125 million from TVO over OL3, but €2 billion is in disputeby I-Nuclear |
An
Areva-Siemens consortium have won a €125 million plus arbitration award
in a partial judgment in a case in which €2 billion or more is in
dispute.
The
Areva-Siemens consortium building the EPR reactor at Finland’s
Olkiluoto-3 have won a partial judgment for €125 million from Finnish
utility Teollisuuden Voima Oyj (TVO), Areva said in a statement July 5.
The
judgment came from the Court of Arbitration of the International
Chamber of Commerce and requires TVO to release €100 million owed to the
consortium, but withheld over contract disputes, Areva said. Areva
said the money was withheld “in contravention of contractual
provisions.”
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