Another utility company pulls out of uneconomic nuclear power project

nuclear-news

Utilities are pulling out of nuclear projects across Europe  as uncertainty over energy prices makes them too risky. EON’s withdrawal from Finland follows its decision in September 2011, along with SSE Plc and RWE AG (RWE), to give up building nuclear plants in the
U.K

EON Withdraws From Finnish Nuclear Project on Price Slide, Bloomberg By Torsten Fagerholm – Oct 24, 2012   EON AG, Germany’s biggest utility, plans to withdraw from the Fennovoima Oy nuclear reactor in Finland  after European energy prices declined, threatening the viability of the project.

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