Rosatom State Corporation requested that Fennovoima, which unilaterally terminated the contract for the construction of Hanhikivi-1 nuclear power plant in Finland in 2022, to repay the loan of 920.5 million Euros ahead of schedule. DEA NewsWith reference to the report of the Atomenergoprom group (part of Rosatom, which consolidates all civilian assets of the Russian nuclear industry) under IFRS for 2022.
He states that international arbitrations are considering requests from Atomenergoprom entities totaling approximately €3 billion due to the termination of this contract by the Finnish side.
“Furthermore, the organizations of the group have requested early repayment of the loan provided by Fennovoima Oy,” the document says.
As stated in the report, Fennovoima received this loan to finance the construction of the Hanhikivi-1 nuclear power plant.
The document also states that the Russian side has claimed compensation for the value of its shares in the Finnish company in connection with the termination of the shareholding agreement.
Rosatom CEO Alexei Likhachev He insisted Finland, which terminated its contract with Russia for the construction of the Hanhikivi-1 nuclear power plant, at its own expense.
He pointed out that in December the International Disputes Investigation Board (DRB) considered the termination of the contract for the construction of the Hanhikivi-1 nuclear power plant by the design company Fennovoima as illegal. Such a decision gives the company the right to claim compensation.