Nuclear power development in Nordic area -Fennovoima project

TTKK, 3 December 2015Janne Liuko, Licensing Manager, Fennovoima

2.12.2015

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Fennovoima in brief

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● Project company and future plant operator, founded in 2007 to build a nuclear power plant (NPP) at a greenfield site in Pyhäjoki

● Current headcount ~260

● Will operate according to the “Mankalaprinciple” whereby the owners receive electricity at cost price

● Commercial operation in 2024

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The owners

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Need for new power in Finland

Objectives for the future:

● The aging capacity needs to be replaced, including Loviisa NPP (2x VVER 440)

● A virtually emission-free energy system by 2050

● There needs to be an increase in the self-sufficiency of electricity supply

● Securing the competitiveness of Finnish industry by offering reasonably priced electricity for a long period of time

Electricity supply by energy sources in 2014(83,3TWh):

Nuclear27,2 %

Net imports21,6 %

Hydro power15,8 %

Bio fuel13,2 %

Coal 9,8 %

Natural gas

6,3 %

Peat3,5 %

Waste fuels1,0 %

Wind 1,3 %

Oil0,3 %

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Mankala company

● The partners fund the construction and maintenance of the power plant and in return get electricity at cost price, in proportion to their ownership share.

● The “Mankala principle” enables several smaller electricity users to join forces for building and operating an NPP.

● The electricity price, cost and volume risk are transferred to the shareholders.

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The role of Rosatom

● Fennovoima operates and executes the project

● Rusatom Overseas will constructan AES-2006 (V491) type nuclear power plant with turnkey delivery, including complete nuclear and turbine islands

● Also delivers financing for the project

● Fennovoima operates the plant, Rosatom owns a 34% share

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VVER – Years of Operating Experience

Type Current (a) Estimated 2024 (a)

VVER all 1 500 2 300

VVER-1000 (3000 MWt or more) 600 1 000

VVER 3200 MWt* 48 170

AES-2006** 0 60

AES-2006 /V491*** 0 >10

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*Balakov 4, Leningrad II 1&2, Novovoronezh II 1&2, Rostov 1-4, Khmelnitski 3&4, Ostrovets 1&2, Akkuyu 1-4, Kalinin 3 & 4**Leningrad II 1&2, Novovoronezh II 1&2, Khmelnitski 3&4, Ostrovets 1&2, Akkuyu 1-4***Leningrad II 1&2, Ostrovets 1&2, Akkuyu 1-4

Image: Rosatom

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Pressurized Water Reactor

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Reference design:

Leningrad NPP II 1: AES2006/V491

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Source: Titan 226.5.2015

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Rosatom AES-2006/V491

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Safety building

Reactor island

Turbine building

Steam cell

Image: Rosatom

Main safety functions

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1. Control of power

2. Heat removal

3. Confinement of radioactive

substances

Nuclear Safety

1. Control of power

1. Inherent negative temperature coefficient

2. Large negative reactivity of control rod cluster assemblies

3. Boron and chemical control of primary circuit

4. Emergency boron injection 4 x 50 %

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Image: Rosatom

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Primary circuit

2. Heat removal

Containment

Reactor core

Secondary circuit

Image: Rosatom

Passive heat removalsystem

Emergency feed watersystem

Emergency core coolingsystem, active part

Emergency core coolingsystem, passive part

3. Confinement of radioactive substances

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1. Solid fuel pellet

4. Containment

3. Primary circuit

2. Fuel rod cladding

Image: Rosatom, Fennovoima

Severe accident management

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Primary circuit

Containment building

Filtered venting

Containment passiveheat removal

Image: Rosatom

Core catcher

Passive autocatalytichydrogen recombiners

Project timelinePreparation

2013-2017 2018-2023 2024-2007-2012

2008Environmental Impact Assessment

2010Decision-in-principle

2011Site selection

2012First bids for the nuclear power plant

2013Rosatom chosen as the plant supplier

2014Supplement to the DiP

Preparatory works start at the site

2015Construction Licence Application

2017Construction Licence

2018Construction of the plant begins (first concrete)

Operating Licence

Fuel loading

2024Electricity production begins

Development CommissioningConstruction

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ConstructionHanhikivi 1

RAOS Project Oy/ supplier scope

Main building contractor

Titan-2

Main components

Atomenergomash

Reactor plant designer

Gidropress

Main designer

Atomproekt

Fennovoima scope

Site preparation

Water- and earth works

Infrastructure

Utilities

Design

Manufacturing

Materials

Components

Automation

Installations

Support buildings

Turbine building

Reactor building

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A Part of FV Scope - Fuel waste management

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Project already visible in Hanhikivi● Access road construction completed in October 2015

● Water, sewage and plant electrification works are proceeding simultaneously

● On-going in 2015: cutting of trees, fencing the site, excavation, earth works, training and gate building

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The Hanhikivi headland: Status in 2007

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The Hanhikivi peninsula: Status in Late Summer 2015

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Access road construction: Works begun in spring 2015

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Project already visible in Hanhikivi

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Access road and bridge: In use since October 2015

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Plant electrification: Works begin in spring 2015, On-going

Fencing of the site: On-going in 2015

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Hanhikivi-1 NPP: Operational for electricity production in 2024

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Thank you for your attention!