Areva said it expects termination from negotiations to supply its high-power reactor for Finnish consortium Fennovoima, which was forced to look for other options when its major shareholder, E.ON, dropped the project last year.

The remaining owners of consortium, which are some Finnish firms, have planned to take on the 34% state of E.ON despite rumored struggle on the project's financing.

Areva Finland spokeswoman that they have been in talks with Fennovoima along with Japan's Toshiba on supply for a large reactor at Pyhajoki site, but revealed that the consortium asked them to instead focus on a small reactor. Areva further believes that Fennovoima is more interested with only one potential supplier about a large reactor.

The Pyhajoki site is proposed as the first reactor plant following the Fukushima disaster in Japan and intended to provide cheap energy to the shareholders of Fennovoima including retailer Kesko, Swedish metal maker Boliden and steel manufacturer Outokumpu.

Fennovoima has not yet confirmed the matter.