Slip sliding away.
Areva Faces 50 Percent Cost Rise for Finnish Nuclear Reactor - AFP - 27 Aug 08
"The cost of constructing the plant at Olkiluoto has risen from three billion to 4.5 billion euros (6.7 billion dollars), the paper reported citing an unidentified source. The increase was due not only to the global rise in prices, but Areva's having to send in additional workers to 'ensure work proceeds better,' the report said."
"Areva has been forced to set aside one billion euro in provisions to absorb the rise in costs, the newspaper said, but the company will still announce Friday record profits of nearly 750 million euros. Construction delays have already forced Areva to push back the target date for the reactor to enter service to 2011 from 2009. "
Areva Faces 50 Percent Cost Rise for Finnish Nuclear Reactor - AFP - 27 Aug 08
"The cost of constructing the plant at Olkiluoto has risen from three billion to 4.5 billion euros (6.7 billion dollars), the paper reported citing an unidentified source. The increase was due not only to the global rise in prices, but Areva's having to send in additional workers to 'ensure work proceeds better,' the report said."
"Areva has been forced to set aside one billion euro in provisions to absorb the rise in costs, the newspaper said, but the company will still announce Friday record profits of nearly 750 million euros. Construction delays have already forced Areva to push back the target date for the reactor to enter service to 2011 from 2009. "