Finnish power company Fennovoima has launched negotiations with Russia’s state-owned Rossatom over a new reactor planned at Pyhaejoki in northern Finland.

The Finnish company is in exclusive talks with Rosatom after dropping bids by France's Areva and other suppliers.

Fennovoima is said to be interested in Rossatom’s 1,200 megawatt AES-2006 pressurised water reactor.

Fennovoima has also been negotiating with the Japanese firm Toshiba since February. A decision is expected within a year, according to Yle.

Rosatom has recently been stepping up its foreign operations. It is due to begin constructing Turkey's first nuclear plant in 2015 and it is also planning to participate in a bid to build Poland's first reactor.

In February, Bulgaria confirmed its decision to abandon the Belene nuclear power plant project that was to be constructed by Rosatom subsidiary Atomstroyexport.

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