15 Dec 2022 14:25

Dispute Review Board rules Fennovoima's decision to terminate contract to construct Hanhikivi-1 NPP as being unlawful

MOSCOW. Dec 15 (Interfax) - The Dispute Review Board (DRB) has confirmed in its ruling that it was unlawful for Finland's Fennovoima to terminate the contract to construct the Hanhikivi-1 nuclear power plant in Finland; and the company's subsequent refusal to accept the work completed by RAOS Project Oy, part of Rosatom state nuclear energy corporation, as the supplier under the EPC contract was also unlawful, Rosatom said in a statement published on its official Telegram channel.

The DRB is a not-for-profit organization that promotes resolving disputes through resolution and settlement. The contract between Fennovoima and RAOS Project Oy stipulates the DRB as the arbitrator in resolving and settling disputes, according to Rosatom Country, the state nuclear energy corporation's official publication.