Search Site

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Europe’s largest nuclear reactor malfunctions again

Olkiluoto 3 is the single largest nuclear reactor in Europe. (AFP)
  • Before production was interrupted at 1:35 pm (1135 GMT), Olkiluoto 3 was undergoing a fault ride-through test where a short circuit is created near the power plant
  • The reactor only resumed production last Wednesday following a shutdown due to a malfunctioning temperature measurement in the generator's cooling system

Helsinki, Finland – Finland’s Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said.

“During the test, the plant was supposed to produce electricity normally,” said Johanna Aho, head of communication at TVO.

Before production was interrupted at 1:35 pm (1135 GMT), Olkiluoto 3 was undergoing a fault ride-through test where a short circuit is created near the power plant.

“As a result of the test, the production at Olkiluoto 3 was interrupted,” TVO said.

The company added that “the cause is being investigated in more detail.”

The reactor only resumed production last Wednesday following a shutdown due to a malfunctioning temperature measurement in the generator’s cooling system.

The next-generation European pressurized water reactor (EPR), built by the French-led Areva-Siemens consortium, produces more than 10 percent of Finland’s electricity.

Like several other EPR projects, the reactor, located on Finland’s southwest coast, was plagued by repeated construction delays and billions of dollars in cost overruns.

Olkiluoto 3 is the single largest nuclear reactor in Europe, while Ukraine’s Zaporizhzhia plant, with its six reactors, is the largest nuclear plant.