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Finnish nuclear plant further delayed until 2018

Monday - 9/1/2014, 12:48pm  ET

HELSINKI (AP) -- Finnish utility TVO says construction of the country's fifth nuclear reactor has been delayed again, with the plant not expected to go online until 2018 -- nine years later than initially forecast.

French-German engineering conglomerate Areva-Siemens is building the reactor, which has been plagued by delays over faulty materials and planning problems since construction began in 2005.

The 1,600-megawatt European Pressurized Reactor -- one of the first of its kind -- was meant to begin providing electricity in 2009.

TVO says "it is hard for us to accept such a late startup forecast" and is seeking ways to speed up the work.

Monday's announcement represented at least the eighth delay at the Olkiluoto 3 site, where two other reactors have been operating for more than 30 years.

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