UPDATE 3-Finland's Olkiluoto 3 reactor seen delayed to 2016

Source: Reuters

Commercial production at Finnish nuclear reactor Olkiluoto 3 is likely to be delayed to 2016, utility Teollisuuden Voima (TVO) said, sparking a new round of accusations between TVO and the builder, consortium Areva-Siemens.

The reactor was originally scheduled to start operating in 2009 but has been hit by repeated delays and soaring costs.

The French-German consortium's last estimate was for the reactor to be ready by 2014, but TVO said last July that such a timeframe was impossible.

TVO and Areva have traded accusations about who is to blame for the delays, and the International Chamber of Commerce's arbitration court is processing a dispute on cost overruns between the consortium and TVO.

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Read more: http://www.reuters.com/article/2013/02/11/teollisuudenvoima-olkiluoto-idUSL5N0BBEZ520130211