The first nuclear power plant in Turkey is built by the Russian group Rosatom in Akkuyu, on the Mediterranean coast. Photo source: AA / Abaca / Abaca Press / Profimedia
The Rosatom Corp., a company controlled by the Russian state, carries out discussions to sell a 49% stake in a nuclear power plant worth $ 25 billion and builds in Turkey, Bloomberg reports.
The first nuclear power plant in Turkey, a feature of 4,800 megawatts, is built by the Russian group Rosatom in Akkuyu, on the Mediterranean Coast, Agerpres recalls.
Currently, discussions with Turkish and foreign investors are being held on Tuesday, Anton Dedusenko, president of the Board of Directors of the Rosatom subsidiary, responsible for the Akkuyu power station.
“As we approach the onset of electricity production at the first unit, the more investors come,” said Anton Dedusenko in an interview with Bloomberg, on the Nuclear Power Plants & Summit from Istanbul.
A previous attempt to sell a participation failed in 2018, when a consortium of Turkish companies (Cengiz Holding As, Kolin Insm Turizm Sanayi Ve Ticaret As and Kalyon Sanayi Ve Ticaret) was withdrawn from negotiations, citing the inability to agree on the commercial terms.
A project affected by delays and financial problems
The first unit of the Akkuyu power plant has currently reached the test phase and is expected to start producing electricity in 2026, Dedusenko said.
“I am confident that by the end of the year we will have the necessary systems to be able to introduce electricity into the network,” he added.
Putin video and a tired Erdogan inaugurated, through video conference, the first nuclear power plant in Turkey, built by the Russians. “We agreed to deepen the cooperation”
The project of the Nuclear Power Plant in Akkuyu has been affected by delays and financial problems because foreign banks are afraid not to be exposed to American sanctions, which forces Turkey and Russia to seek alternative ways to pay for construction work, including a natural gas swap.
“There are several ways in which we could deliver money here. We can deliver Russian rubles or Turkish pounds,” deducted dedusenko.
Turkey's plans are aimed at constructing nuclear capabilities over 20 gigawatts by 2050. In addition to the Akkuyu power station, the second power plant is planned to be built on the Black Sea coast, and the third nuclear power plant would be erected in the North-West of Turkey.
