AREVA logo

The International Court of Arbitration of the International Chamber of Commerce has ruled in favor of the AREVA-SIEMENS Consortium in a dispute with TVO

Press Release

AREVA / GROUP

July 05, 2012

The International Court of Arbitration of the International Chamber of Commerce (ICC), called on in order to resolve the dispute between the AREVA-SIEMENS consortium and its customer, the Finnish operator TVO, as part of the construction of the EPR reactor of the Olkiluoto 3 (OL3) nuclear power plant in Finland, has just handed down a partial judgment requiring TVO to release 100 million euros owed to the AREVA-SIEMENS Consortium, and withheld in contravention of contractual provisions.

With accrued interest, TVO shall pay a total amount of 125 million euros, in addition to the legal expenses incurred by the Consortium.

Contact

  • AREVA Press Office:
    Julien Duperray / Katherine Berezowskyj / Aurélie Grange / Jérôme Rosso 
    Tel: +33 1 34 96 12 15 - Fax: +33 1 34 96 16 54
    email: press@areva.com

  • AREVA Investors Relations:
    Manuel Lachaux
    Anne-Sophie Jugean
    Tél : +33 1 34 96 11 53
    email: manuel.lachaux@areva.com