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Turkey to go into big debt to Russia for $20 billion Akkuyu nuclear power plan

Turkey gives Rosatom go ahead to build nuclear plant, Reuters, 15 June 17,  

Russia’s State Atomic Energy Corporation (Rosatom) won approval from Turkey’s energy watchdog on Thursday to go ahead with building its $20 billion Akkuyu nuclear power plant in southern Turkey.

The project to construct four nuclear reactors has repeatedly run into delays, including being briefly halted after Turkey downed a Russian jet near the Syrian border in November 2015. Ties have since normalised between the two countries and work on the plant has resumed……

Rosatom has sold several nuclear reactors to developing countries under a model by which Russia finances, builds and operates the nuclear plant and sells power to its customer – a model that has also raised questions about Russia using energy policy as a means to political ends.

EPDK said it had given Rosatom’s project company Akkuyu Nukleer AS a 49-year production license.

Dependant on imports for almost all of its energy, Turkey has embarked on an ambitious nuclear programme, commissioning Rosatom in 2013 to build the four 1,200 megawatt (MW) reactors…..https://www.reuters.com/article/turkey-energy-nuclear-idUSL8N1JC3FL

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June 16, 2017 - Posted by | marketing, politics international, Russia, Turkey

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