Russia's Cabinet of Ministers has approved up to RUB150 billion ($2.3 billion) in funding from the country's sovereign wealth fund for the Hanhikivi 1 nuclear power plant project in Finland.

Teollisuuden Voima, the Finnish nuclear power company, plans to restructure its operations amid low wholesale electricity market prices.

The Finnish parliament today voted in favour of Fennovoima's supplement to the decision in principle regarding the construction of a new nuclear power plant in Pyhäjoki, Finland. The vote was carried by 115 to 74.

Fortum would be ready to participate with a minority - maximum 15% - stake in the Fennovoima nuclear power plant project, provided that Fortum obtains a 75% or more ownership in the hydro assets of Russian territorial generating company TGC-1, the Finnish power producer said in a stock exchange release today.

The Commerce Committee of the Parliament of Finland has given its approval to Fennovoima's plans to build a Rosatom reactor at Hanhikvi. The Finnish government is to take a final vote on an amended decision-in-principle in a plenary session on 5 December.

Finland's Voimaosakeyhtiö SF has increased its share in the planned Hanhikivi 1 nuclear power plant to 55.5% from 50.2%. The plant, to be built in Pyhäjoki in northern Finland, is scheduled to start generating electricity by 2024.

Areva and Westinghouse are to supply fuel for units 1 and 2, respectively, of the Olkiluoto nuclear power plant between 2016 and 2019 under renewed contracts with Finnish utility Teollisuuden Voima Oyj.

UPDATED The Areva-Siemens consortium supplying the first-of-a-kind Olkiluoto 3 EPR has updated its arbitration claim against Finnish utility Teollisuuden Voima Oyj (TVO) to €3.4 billion ($4.3 billion).

Finnish utility Teollisuuden Voima Oyj (TVO) has revised its estimated costs and losses relating to the continued delay in completion of the first-of-a-kind EPR at Olkiluoto.

The Finnish and Indian nuclear regulators are to exchange information following the signing of a cooperation agreement between the two countries.

The Finnish government has decided not to grant Teollisuuden Voima Oyj (TVO) an extension to its 2010 decision in principle for the construction of a fourth unit at the Olkiluoto nuclear power plant.

Finland's government has approved an amendment to Fennovoima's decision in principle for its Hanhikivi plant, paving the way for the company to apply to build a Russian-designed reactor there. However, a decision on extending TVO's decision in principle has been deferred.