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Turkish nuclear plant threatened by Russian sanctions

Akkuyu nuclear power plant would be Turkey’s first, but Russia’s invasion of Ukraine may cause problems. Aljazeera, By Andrew Wilks, 16 May 2022,

Istanbul, Turkey – Unprecedented sanctions against Russia over its invasion of Ukraine have led to fresh concerns about Turkey’s first nuclear power plant, which is being built by Moscow’s state-owned nuclear company.

The first reactor of the Akkuyu Nuclear Power Plant, located on the Mediterranean coast near Mersin, is due to start production next year, but potential blocks on financing and equipment from third countries have threatened to delay the $20bn project.

Rosatom, the Russian firm behind Akkuyu, has so far escaped sanctions but the option has reportedly been discussed by the United States. Banks such as Sberbank, Russia’s largest financial institution and a major backer of the nuclear plant, have been hit.

………  Possible sanctions against Rosatom could also affect the flow of equipment to Akkuyu, barring suppliers from providing energy industry equipment, technology and services.

In an interview with Turkish broadcaster NTV, aired on February 23, Akkuyu CEO Anastasia Zoteeva highlighted the “large amount of equipment” produced for the plant in countries such as the Czech Republic, Hungary and South Korea. A key component was manufactured by GE Steam Power, a branch of General Electric, in France while French company Assystem is also involved in construction supervision.

Neither General Electric, Assystem nor other third-country companies contacted for comment by Al Jazeera responded……………………………   https://www.aljazeera.com/news/2022/5/16/turkish-nuclear-plant-threatened-by-russian-sanctions

May 17, 2022 - Posted by | business and costs, politics international, Turkey

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