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Russia’s economic woes delaying the build of nuclear reactors in Turkey

nuclear-costs1Russian Nuclear Plants in Turkey ‘Not Ready Before 2022’, Moscow Times  Reuters Mar. 23 2015 Turkey’s first nuclear power plant is unlikely to be ready before 2022, energy officials said on Monday of the $20-billion project that has been beset by regulatory hurdles and complicated by Russia’s financial woes…..Rosatom initially pledged to have the first of the four reactors in the southern Turkish town of Akkuyu ready by 2019.

A senior Turkish energy official said the project would not be online before at least 2022, given that ground-breaking has yet to happen. “The first reactor can be online at least seven years after the ground-breaking so the 2019-2020 date is impossible,” the official said…..

  • Russian-BearEconomic Worries

    Analysts say Russia’s economic troubles because of collapsing oil prices and Western sanctions over Ukraine may also have weighed on Rosatom’s finances.

    “The Akkuyu timeline was — and remains — completely unrealistic,” Aaron Stein, associate fellow at British defense and security think-tank the Royal United Services Institute (RUSI), said. “The issue has, in recent months, become far more complicated because of Russia’s economic deterioration.”……http://www.themoscowtimes.com/opinion/business/article/russian-nuclear-plants-in-turkey-not-ready-before-2022/517868.html

March 25, 2015 - Posted by | business and costs, politics international, Russia, Turkey

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