French nuclear engineering firm Areva SA (AREVA.FR) Monday said that, following TVO's announcement regarding the schedule of the Olkiluoto 3 nuclear reactor project, the Areva-Siemens (SI) consortium would like to recall the commitment made by the client to take all the measures necessary to contribute to a stable and reliable calendar.

MAIN FACTS:

- The Areva-Siemens consortium and TVO jointly identified a while ago the Instrumentation and Control as a critical field for the positive progress of the project.

- Over the course of the past year, the consortium has asked for significantly more active cooperation from TVO in order to obtain the final approval of the detailed I&C architecture.

- The Areva-Siemens consortium regrets that TVO continues to not fulfill its obligations to allow for the project to advance properly.

- Areva emphasizes that the EPR nuclear reactor's I&C offers major safety advancements and has already been approved by the French and British nuclear safety authorities.

- Areva's long-term experience in the construction of third generation nuclear reactors has shown that working hand in hand with the customers is a key factor to success. In China , the construction of the Taishan 1 & 2 EPR advances twice as fast as the Finnish project.