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Financial crisis may undermine participation in nuclear tender

Financial crisis may undermine participation in nuclear tender
Today’s Zaman 23 Sept 08 The current worldwide financial crisis seemed poised to hit the nuclear tender process in Turkey when companies expected to take part in a tender for the construction of a nuclear power plant in Akkuyu said yesterday they have had difficulty lining up financing due to the global financial turmoil……………………………….The companies demanded that Turkish Treasury guarantee that any losses in the event of unexpected problems, such as a court order to cease the plant’s operation or a change in the government’s nuclear policy, will be reimbursed. The companies asked that certain conditions in the contract be clarified and made subject to the relevant laws.

This will be the fourth tender to be held for the construction of a nuclear power plant in Turkey; the previous three tenders failed.

Financial crisis may undermine participation in nuclear tender

Tags: nuclear, antinuclear, uranium, raduioactive

September 23, 2008 - Posted by Christina Macpherson | business and costs