Helsinki, November 10, 2011 — With Finnish utility Teollisuuden Voima Oyj looking to build a fourth nuclear reactor, GE Hitachi Nuclear Energy announced it has signed a project development memorandum of understanding with Fluor Corp.
GEH is a leading designer of advanced boiling water reactor technology and services worldwide while Fluor is a leading engineering and construction company that has provided the global nuclear industry with design and construction support for 23 reactors. In September 2011, GEH and Fluor announced a similar project development MOU for potential reactor projects in Poland.
TVO is evaluating several different reactor technologies for the Olkiluoto-4 project, including GEH's Generation III+ Economic Simplified Boiling Water Reactor design. In July 2010, Finland's parliament ratified "Decisions in Principle" for two reactor projects — including TVO's plan to build the fourth reactor at Olkiluoto.
To meet TVO's project expectations and provide the most competitive bid for an ESBWR project, GEH turned to Fluor, a longtime energy industry partner.
Under the MOU, GEH and Fluor will jointly bid on the Olkiluoto-4 project, offering a complete and competitive solution for TVO.