MERSIN – Russia and Turkey will work together on the construction of the US$20 billion Akkuyu power plant (NPP), Russian engineering company Atomstroyexport said.
The NPP, which is being built by Russian state company Rosatom, will be fully operational by 2023.
Anatoliy Andiyanov, Deputy Production Manager of Atomstroyexport, confirmed that the company is currently working with two Turkish companies in Akkuyu NPP’s construction zone.
Akkuyu is the first planned NPP that consists of four reactors and which will be built by Russia in the Mediterranean coast of Turkey.
Atomstroyexport is a leading Russian engineering company, part of Russia’s state corporation Rosatom.
The construction of the Akkuyu power plant depends on the approval of the Environmental Effect Evaluation Report (CED) by the Environment and Urban Planning Ministry. Once the report has been approved, the infrastructural investment will begin.
Turkey also plans to build a second nuclear plant in the port city of Sinop on the Black Sea coast with a Franco-Japanese consortium.
Turkey heavily relies on foreign energy resources, such as natural gas and oil, which drives almost half of all the electricity production in Turkey and costs up to US$60 billion a year.
As a result, the government is aiming to invest in efficient energy to diversify its resources to curb its reliance on energy imports.
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