The design and licensing work and works at the Hanhikivi 1 site will be terminated with immediate effect, and the RAOS project will end at the end of the day.
The termination of the EPC contract is estimated to have a significant employee impact on Fennovoima and is expected to affect the supply chain companies and the Pyh joki region. Our main objective is to support our employees by keeping them informed and working in close cooperation with both our employees and employee representatives. Joachim Specht, CEO of Fennovoima, says he focuses on preserving the site.
The decision to terminate the EPC contract with RAOS Project is not lightly made. There are significant complexities and decisions made only after thorough considerations in a large project. Esa Hrm l chairman of the Board said that they fully acknowledge the negative impacts and do their best to mitigate them.