Turkish firms involved in Rosatom project
24 June, 2017
Russia's state atomic energy corporation, Rosatom, has sold 49% of its shares in the Akkuyu Nuclear Power Plant project to a Turkish consortium, Russian and Turkish media reported.
A week ago, Rosatom won approval from Turkey's energy watchdog to go ahead with the $20bn Akkuyu project in southern Turkey. Rosatom received power generation license for a 49-year period.
Under the agreement signed in Moscow last Monday, members of the Cengiz-Kolin-Kalyon (CKK) consortium will each hold an equal share of 16.3%. The remaining 51% of the shares would be held by Russian companies.
The first deputy head of Rosatom Kirill Komarov said that the state-run company planned to launch the first unit of the Akkuyu nuclear power plant in 2023, on the 100th anniversary of the Republic of Turkey. The four reactors will have an installed capacity of 4,800 MWs. The plant is estimated to meet between 6-7% of Turkey's electricity demand. The project has been deleayed several times due to temporally chilling of bilateral relations after Turkey downed a Russian jet near the Syrian border in November 2015.
Turkey's second nuclear power plant will be built by a French-Japanese consortium in Sinop.